The High Court has refused the taxpayers special leave to appeal from the decision of the Full Federal Court in Gashi v FCT [2013] FCAFC 30. In that case, the Full Federal Court found that an asset betterment assessment issued to husband and wife taxpayers should stand. It found that the taxpayers did not discharge the onus of proving that one of more items in the Asset Betterment Statement was wrong or should not have been included.
[LTN 160, 20/8/13]