Sleeman v Commissioner of Inland Revenue - [1965] NZLR 647

Income tax — Assessment — Correctness of assessment depending on opinion formed by Commissioner — How far such opinion reviewable by Court — Profit made from sale of property — Rent from same property already returned by taxpayer — Whether income from rent and income from profit on sale of property of same nature or from same source — Land and Income Tax Act 1954, s. 24 — Land and Income Tax Amendment Act 1960, s. 2.