Income Tax (Transitional Provisions) Act 1997
CHAPTER 3
-
SPECIALIST LIABILITY RULES
PART 3-6
-
THE IMPUTATION SYSTEM
Division 214
-
Administering the imputation system
SECTION 214-65
214-65
Further amendment of an amended particular
If:
(a) a franking assessment for the entity for the balancing period has been amended (the first amendment ) in any particular; and
(b) the Commissioner is of the opinion that it would be just to further amend the assessment in that particular so as to reduce the assessment;
View history note
Hide history noteIf:
(a) a franking assessment for the entity for the balancing period has been amended (the first amendment ) in any particular; and
(b) the Commissioner is of the opinion that it would be just to further amend the assessment in that particular so as to reduce the assessment;
the Commissioner may do so within a period of 3 years after the first amendment.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.