Govan v Commissioner of Inland Revenue - [1968] NZLR 163

Income tax — Objections to assessments — Case stated for opinion of Supreme Court — Shares transferred to trustees on trust to collect dividend for one year and apply for charitable purposes — Shares to be re-transferred to settlor at expiry of year — Whether an arrangement relieving taxpayer from liability for tax — Land and Income Tax Act 1954, ss. 32, 108.