Gilmour v Commissioner of Inland Revenue - [1968] NZLR 136

Income tax — Objection to assessment — Profit from undertaking or scheme — "Purpose" — Time at which purpose must be shown to exist — Purchase of land — Subsequent scheme for subdivision and sale — Whether purpose relevant at time of purchase or when scheme devised or entered into — Case stated for determination by Supreme Court — Land and Income Tax Act 1954, s. 88 (c) — Inland Revenue Department Amendment Act 1960, s. 30.