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Court of Appeal Wellington
17, 18 May; 16 July 1971
North P, Turner and Haslam JJ
17, 18 May; 16 July 1971
North P, Turner and Haslam JJ
Income Tax — Assessable Income — Trading stock — Sale of farm land live and dead stock for global sum — Value of live stock fixed in agreement by parties — Commissioner's power to attribute value to live stock — Land and Income Tax Act 1954, ss 98(7)(8), 101(1).