INCOME TAX – where the applicant appeals from objection decisions of the respondent Commissioner of Taxation in respect of amended assessments based on determinations under s 177EA of the Income Tax Assessment Act 1936 (Cth) that deny the applicant the use of imputation benefits from franking distributions, as well as penalties and interest – where, on the first day of trial, the parties jointly promote orders to the Court allowing the appeal and setting aside the Commissioner’s objection decisions – where the Commissioner admitted that the objection ought to have been allowed for the grounds specified in the notice of objection – appeal allowed
Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2024/2024fca0761
For more information, see the original judgement.
