The taxpayer has lodged an application for special leave to appeal to the High Court against the decision of the Full Federal Court in SPI PowerNet Pty Ltd v FCT [2014] FCAFC 36. The majority of the Full Court (Davies J dissenting) had dismissed the taxpayer’s appeal and held that payments it made to the State of Victoria re its acquisition of electricity assets were not deductible. The special leave application was be heard on 12 December 2014.
[LTN 239, 10/12/14]
The High Court did not grant special leave
The High Court on Fri 12.12.2014, granted the taxpayer special leave to appeal against the decision of the Full Federal Court in SPI PowerNet Pty Ltd v FCT [2014] FCAFC 36.
[LTN 241, 12/12/14]