INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 197 - Tainted share capital accounts  

Subdivision 197-C - Consequence of transfer: tainting of share capital account  

SECTION 197-85   Evidentiary effect of notice of liability to pay untainting tax  

197-85(1)  
The production of:


(a) a notice given under section 197-80 ; or


(b) a document that is signed by the Commissioner and appears to be a copy of such a notice;

is conclusive evidence that:


(c) the notice was duly given; and


(d) the amount of *untainting tax specified in the notice became due and payable by the company to which it was given on the day specified in the notice.

197-85(2)  
Subsection (1) does not apply in proceedings under Part IVC of the Taxation Administration Act 1953 on a review or appeal relating to the review.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.