Omihi Lime Company Limited v Commissioner of Inland Revenue - [1964] NZLR 731

Revenue — Income tax — Loss of production caused through inefficient machinery — Whether damages recoverable from supplier of machinery assessable income — Whether costs of unsuccessful action to recover such damages deductible — Power of apportionment of costs where claim includes both assessable and non-assessable items — Land and Income Tax Act 1954, ss. 111 (1), 112 (a).