Pasley v the Commissioner of Inland Revenue - [1958] NZLR 332

Revenue — Income tax — Trading Stock — Land, when purchased, planted with Tomato Plants — Crop almost ready for picking and marketing — No apportionment of Total Consideration — Crop passing to Purchaser with the Land Itself — Such Crop not "trading stock" — Land and Income Tax Amendment Act 1939, ss. 14 (1) (a), 16 (1) — Land and Income Tax Act 1954, ss. 91 (1) (a), 98.