Europa Oil (NZ) Limited v Commissioner of Inland Revenue - [1970] NZLR 321

Income tax — Objections to assessments — Amended assessments — Deduction of payments for purchase of gasoline — Whether dual purpose in the payments — Land and Income Tax Act 1954, ss 110, 111.

Income tax — Objections to assessments — Taxpayer participating in refinery profits on gasoline purchased by it — Profits in Bahamas — Whether arrangement had purpose or effect of altering incidence of income tax or relieving from liability to pay income tax — Land and Income Tax Act 1954, s 108.

Income tax — Estoppel and exhaustion of discretion — Application of principles — Commissioner's statutory duty — Land and Income Tax Act 1954, s 22.