28 Jul 2017
SISSON v THE COMMISSIONER OF INLAND REVENUE [2017] NZCA 326
- Citation
- [2017] NZCA 326
- Court
- Court of Appeal
The Court of Appeal allowed the appeal and set aside the liquidation order conditional on payment into court of the undisputed core tax of $109,675.22 because the High Court's insolvency finding rested on an unspecified 'undisputed core debt' and insufficient scrutiny of the Commissioner's varying calculations and CPL's assets; the Court confirmed that the prior Court of Appeal direction approving a 15% pragmatic reduction in penalties is binding in measure but left precise calculations open to challenge on rehearing; limited fresh evidence (NZI email and property appraisal) was admitted.