Lloyds Bank Export Finance Ltd v Commissioner of Inland Revenue - [1992] 2 NZLR 1

Revenue — Income Tax — Assessments — Time limit — More than four years later commissioner purported to make assessments of income tax for the 1976 and 1977 years — Whether notices issued by commissioner were "assessments" - Whether commissioner was subsequently barred from making assessments for those years — Income Tax Act 1976, ss 19 and 25. — Appeal from [1990] 2 NZLR 154 - For 1976 and 1977 income years commissioner issued notices to taxpayer showing no tax payable because of losses carried forward