The Applicant was a taxpayer whose income tax assessments were amended by the Commissioner after an audit, which found that the Applicant had not properly declared her taxable income for her business, as a registered tax agent, including numerous cash payments identified in her bank accounts. The issues where whether the assessments were excessive and whether the penalties for making misleading or false statements were correct. The Commissioner’s decision under review was upheld with some slight variation to the taxpayer’s taxable income.
Florence Chen appeared instructed by the ATO for the Commissioner of Taxation.
The judgment is available here.