Ullrich v Commissioner of Inland Revenue - [1964] NZLR 386

Revenue — Income tax — Rent paid by cheque with request that cheque be not presented immediately — Cheque never presented — When payment to be taken to have been made — Whether amount to be included in payee's assessable income — Motor cars bought in Australia and resold in New Zealand at a profit — Whether profit taxable — Land and Income Tax Act 1954, ss. 88 (c), 88 (d), 92.