Harkness v Commissioner of Inland Revenue - [1975] 2 NZLR 654

Income tax — Assessable income — Assessment of profits on sale of land acquired for the "purpose" of sale for profit — Land acquired by objector by way of gift from his father at time of purchase — Motive of father in acquiring land irrelevant — Three separate parcels acquired contemporaneously — Objector's "purpose" may differ in respect of different parcels — Land and Income Tax Act 1954, s 88(1)(c) (prior to amendment by s 9(3) of the Land and Income Tax Amendment Act 1973).