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Privy Council Wellington
17, 18, 19 July; 23 October 1972
Lord Reid, Lord Morris of Borth-y-Gest, Viscount Dilhorne, Lord Simon of Glaisdale and Lord Kilbrandon.
17, 18, 19 July; 23 October 1972
Lord Reid, Lord Morris of Borth-y-Gest, Viscount Dilhorne, Lord Simon of Glaisdale and Lord Kilbrandon.
Income tax — Assessable income — Trading stock — Sale of farm land, live and dead stock for global sum — Value of stock fixed in agreement by parties — Commissioner's power to attribute value to live stock — Land and Income Tax Act 1954, ss 98, 101, 102.