Taxation Ruling
IT 2034W - Notice of Withdrawal
Amended assessments: recalculation of additional tax for late lodgment
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNotice of Withdrawal
Taxation Ruling IT 2034 is withdrawn with effect from today.
1. Taxation Ruling IT 2034 provided that additional tax imposed under the former subsection 226(1) or section 222 of the Income Tax Assessment Act 1936 (ITAA 1936) for late lodgment of an income tax return would be recalculated where there was a debit or credit amendment of the income tax assessment.
2. The former subsection 226(1) of the ITAA 1936 was repealed in 1984, and section 222 of the ITAA 1936 does not apply to income tax returns for the 2000-2001 and later income years.
3. Accordingly, this Ruling is no longer current.
Commissioner of Taxation
13 September 2006