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High Court Wellington
13, 14 August; 21 December 1962
Barrowclough C.J.
Court of Appeal Wellington
30 April; 1, 2, 3 May; 28 June 1963
North J., Turner J., McCarthy J.
13, 14 August; 21 December 1962
Barrowclough C.J.
Court of Appeal Wellington
30 April; 1, 2, 3 May; 28 June 1963
North J., Turner J., McCarthy J.
Revenue — Income tax — Advances made by parent company to subsidiary company — Part written off — Whether deductible from assessable income — Principles to be applied — Land and Income Tax Act 1954, ss. 111 (1), 112 (a)
Revenue — Income tax — Appeal to Court of Appeal on question of law — Questions of fact left undertermined by Supreme Court — Whether Court of Appeal may determine such questions for itself — Land and Income Tax Act 1954, s. 40.