27 Jan 2017
ELEMENTARY SOLUTIONS LIMITED v COMMISSIONER OF INLAND REVENUE [2017] NZHC 32
- Citation
- [2017] NZCCLR 3
- Court
- High Court
No substantial dispute existed: no binding agreement arose from the 8 May 2013 meeting; a binding agreement was formed by the 17 September 2013 emails but it was validly cancelled because ongoing compliance with tax obligations was an essential term and was breached; estoppel and the late counterclaim fail; therefore the statutory demand is valid and must stand.