Re Bai and FCT – the taxpayer is seeking to appeal the decision the objection be allowed only in part and remaining penalties would not be remitted [31]

The taxpayer has lodged an application for extension of time in which to lodge an appeal [to the Federal Court] against the decision in AAT Case [2013] AATA 612, Re Bai and FCT. In that case, the AAT concluded that the taxpayer’s objections to amended assessments should be allowed in part and specified which deposits should not be included in the taxpayer’s amended assessments. It also held that there was no basis for remission of penalties in the circumstances.

[LTN 197, 11/10/13]