Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
The Commissioner may amend an assessment of an * assessable amount of yours at any time, if:
(a) you apply for a * private ruling during the * period of review for the assessment; and
(b) the Commissioner makes a private ruling because of the application.
Note: See section 3AA .
Chapter 4 - Generic assessment, collection and recovery rules
PART 4-1
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RETURNS AND ASSESSMENTS
Division 155
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Assessments
Subdivision 155-B
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Amending assessments
When Commissioner may amend assessments
SECTION 155-50
155-50
AMENDMENT TO GIVE EFFECT TO PRIVATE RULING
The Commissioner may amend an assessment of an * assessable amount of yours at any time, if:
(a) you apply for a * private ruling during the * period of review for the assessment; and
(b) the Commissioner makes a private ruling because of the application.
The Commissioner may amend the assessment to give effect to the ruling.
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