New Zealand Society of Accountants v Commissioner of Inland Revenue - [1986] 1 NZLR 147

Income Tax — Exemptions — Accountants and solicitors fidelity funds — Whether income from funds was derived in trust for charitable purposes and therefore exempt from income tax — New Zealand Society of Accountants Amendment Act 1963, ss 4, 5, 6 and 14 — Law Practitioners Act 1982, ss 158, 160, 161, 169(1) and 171(1) — Income Tax Act 1976, ss 2 and 61(25).