Al Rubaei and Commissioner of Taxation (Taxation) [2019] AATA 71

TAXATION – shortfall penalty – whether assessment of shortfall penalty was properly imposed – shortfall amount resulted from recklessness by taxpayer or agent – whether to remit the shortfall penalty in whole or in part – non-remission of the penalty not unreasonable or unjust – 50% shortfall penalty for recklessness – 20% uplift – decision under review affirmed

Full decision here