L Marks Morrin and Jones Ltd (in liquidation) v Louis Marks - [1931] NZLR 756

Revenue — Income-tax — Assessment — Income payable to Debenture-holder at Current Bank Rate — Erroneously assessed under s 116 of the Land and Income Tax Act, 1923 — Tax so assessed paid by Liquidator — No Liability of Debenture holder to reimburse Company — Land and Income Tax Act, 1923, ss 18, 116, 117.