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Taxpayer scores another win in the Bendel saga – Commissioner’s appeal dismissed
The verdict is in! In a decision handed down this week, the Commissioner of Taxation’s appeal in a dispute with Bendel has been thrown out by the Federal Court
The verdict is in! In a decision handed down this week, the Commissioner of Taxation’s appeal in a dispute with Bendel has been thrown out by the Federal Court
Part IVA overcomes deficiencies of section 260 of the Income Tax Assessment Act (ITAA), exposed by judicial decisions. Part IVA was introduced, albeit with limitations on scope, to provide an appropriate balance between combatting tax avoidance without discouraging commercial and familial transactions.
In PQBZ v Commissioner of Taxation, the Applicant failed to prove he was not a tax resident of Australia but was, however, able to prove the amended assessments made by the Commissioner were excessive by approximately $3.66 million.
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