The income has three features such as income is something which come in, Periodicity, recurrence or regularity and Quality in the hands of the recipient

write about each features about income and related tax cases based on

. income is something which come in - (case) lambe v inland Revenue commissioners [1934] 1KB 178. (and) commissioner of taxation v Cooke (1980) 10 ATR 696 (FCA)

. Periodicity, recurrence or regularity - (case) Reid v commissioner of inland revenue [1986] 1 NZLR 129 (CA) (and) commissioner of taxation v Myer emporium ltd (1987) 163 CLR 199.

. Quality in the hands of the recipient - (case) G v commissioner of inland revenue [1961] NZLR 994 (SC). (and) scott v Federal commissioner of taxation (1966) 117 CLR 514 (HCA).