Taxation Ruling

IT 2028

Remission under section 226(3) of additional tax imposed by section 226(2) of the Income Tax Assessment Act

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FOI status:

PREAMBLE

Clarification has been sought as to whether regard should be had to the new guidelines contained in Taxation Ruling No. IT 2012 in cases where additional tax imposed in an assessment prior to 14 February 1983 becomes subject to review subsequent to that date as a result of a request by the taxpayer, an objection against the assessment or an appeal against a decision on an objection.

RULING

2. In deciding whether a further remission of penalty is warranted in these cases, the new guidelines are to be followed.

COMMISSIONER OF TAXATION
28 MARCH 1983

References

ATO references:
NO 14 J.196/5 P4 F335

Date original memo issued:
08.03.83

Related Rulings/Determinations:

IT 2012

Subject References:
ADDITIONAL (PENALTY) TAX: REMISSION OF
REMISSION OF ADDITIONAL (PENALTY) TAX

Legislative References:
226(2)
226(3)