TIB - July 2006

Binding rulings

• Public ruling – BR Pub 06/03

Interpretation statements

• Interest deductibility—Public Trustee v CIR

Legislation and determinations

• National average market values of specified livestock determination 2006

Standard practice statements

• Reduction of shortfall penalties for previous behaviour SPS 06/03

Legal decisions – case notes

• Valuation and hindsight: TRA Number 145/04, Decision Number 006/2006
• Taxpayer successfully opposes Commissioner's application to adduce new evidence: TRA003/003 Decision 7/2006
• New ground of assessment on appeal: The Commissioner of Inland Revenue v Zentrum Holdings Ltd