Romanos Motels Limited v Commissioner of Inland Revenue - [1973] 1 NZLR 435

Income tax — Income tax payable — Assessable income — Sale of goodwill and lease of motels — Grant of lease by vendor — Vendor assessable for purchase price for goodwill and lease — Payment "derived" from the lease by the vendor as owner of the land — Land and Income Tax Act 1954, s 88 1(d).