*Re Caporale and FCT – GST and default ITX assessments upheld – no enterprise and explanations inadequate [35]

The AAT has disallowed a taxpayer’s appeal against GST and s 167 default income tax assessments, although it set aside an administrative penalty for one of the years in question.

[See fuller article under ‘Cases’ – ‘Administrative Appeals Tribunal’ above.]

The Tribunal said the taxpayer’s case was “full of inconsistencies, contradictions, inadequate explanations and unsupported and implausible assertions”.

(Re Caporale and FCT [2015] AATA 49, AAT, File Nos: 2013/0096-0101, 2013/3536-3537, 2013/3552-3554, Frost DP, 30 January 2015.)

[LTN 23, 5/2/15]