The AAT has held that the taxpayer, who had lodged tax returns for several income years which included assessable income from a partnership with her ex-husband, failed in discharging the onus of establishing that the share of partnership income was wrongly included in the returns (Steele v FCT [2008] AATA 1143). The AAT said [...]
The AAT has held that assistance totalling $100,000 paid to the taxpayer by the Queensland Government under the Vegetation Management (Enterprise Assistance) Scheme was assessable as ordinary income (Berghoffer v FCT [2008] AATA 1138).
A taxpayer which operated an aluminium smelter and manufactured its own carbon anodes (which were used in the process of producing aluminium) in an anode bake furnace on its site has been allowed a repair deduction for expenditure on works which included the demolition and rebuild of the refractory in the anode bake furnace and [...]
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29 Sep 2010
Amending Bills reintroduced
Several amending Bills, including the Tax Laws Amendment (2010 Measures No 4) Bill 2010, were reintroduced into Federal ..
15 Sep 2010
Freezing orders continued
The Federal Court has continued freezing orders against five foreign corporations which had never filed tax returns in A..
31 Aug 2010
Penalty for recklessness
The Federal Court has allowed the Commissioner's appeal against a decision of the AAT and held that the taxpayer had fai.. |