AAT Decision 11944

Unreported 23 May 1997 AAT

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AAT Decision 11944.

Tribunal:

Member: Gerber P, DP

Subject References:
INCOME TAX
allowable deductions
whether sham interest on sham loans are an allowable deduction

Legislative References:
Income Tax Assessment Act 1936 - s 51(1)

Hearing date: 17 March 1997 & 19 March 1997
Decision date: 23 May 1997

Melbourne

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ORDER

Decision: The Tribunal affirms the decisions under review.