The High Court has dismissed the taxpayer’s application for special leave to appeal from the decision of the Full Federal Court in Coal of Queensland Pty Ltd v Innovation and Science Australia [2021] FCAFC 54. The Full Federal Court decision, which now stands, had upheld an AAT decision that certain activities designed to make extracting coal from particular deposits commercially viable were not “core activities” for R&D purposes (see previous TT article). [LTN 170, 3/9/21]
[Tax Month – September 2021] 3.10.21