INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
A taxpayer who is dissatisfied with a notice served on the taxpayer under paragraph 221YHAAC(1)(c) or 221YHAAD(1)(c) may object against it in the manner set out in Part IVC of the Taxation Administration Act 1953 .
(Omitted by No 216 of 1991)
The fact that an appeal or review relating to an objection under subsection (1) is pending does not affect the operation of a notice referred to in that subsection.
(a) the amount by which the provisional tax is so reduced shall be taken, for the purposes of the general interest charge under sections 221YD and 221YDB , never to have been payable; and
(b) the Commissioner shall:
(i) refund the amount of any provisional tax overpaid; or
(ii) apply the amount of any provisional tax overpaid against any liability of the person to the Commonwealth, being a liability arising under, or by virtue of, an Act of which the Commissioner has the general administration, and refund any part of the amount not so applied.
In this section, ``provisional tax'' includes an instalment of provisional tax.
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