INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART III
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LIABILITY TO TAXATION
Division 10D
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Deductions for capital expenditure on certain buildings and structural improvements
SECTION 124ZL
124ZL
DETERMINATION BINDING ON COMMISSIONER
If the Industry Research and Development Board established by the Industry Research and Development Act 1986 gives to the Commissioner a certificate stating whether particular activities carried on by or on behalf of a specified person were research and development activities, that certificate is binding on the Commissioner for the purpose of making an assessment of the person's taxable income of any year of income in which those activities were carried on.
View history note
Hide history noteIf the Industry Research and Development Board established by the Industry Research and Development Act 1986 gives to the Commissioner a certificate stating whether particular activities carried on by or on behalf of a specified person were research and development activities, that certificate is binding on the Commissioner for the purpose of making an assessment of the person's taxable income of any year of income in which those activities were carried on.
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