Commissioner of Inland Revenue v Challenge Corp Ltd [1986] NZPC 1; [1986] UKPC 45; [1987] AC 155; [1986] 2 NZLR 513; [1987] 2 WLR 24; (1986) 10 TRNZ 161 is a prominent [why?]

[1] The suit involved a dispute about whether a "taxpayer company was entitled to deduct a tax loss incurred by another member of the same group of companies from its assessable income."

The High Court of New Zealand decided in favor of Challenge Corp Ltd and its decision was "upheld by a majority of the Court of Appeal."

This decision was then appealed by Commissioner of Inland Revenue to the Judicial Committee of the Privy Council.

[2][3][4][5] This article relating to case law in New Zealand is a stub.