Mobbs and Commissioner of Taxation (Taxation) [2022] AATA 201

TAXATION – INCOME TAX – whether director’s fees, and share issues in lieu of director’s fees, derived by the director or by the director’s company said to have made the services of director available – where no written agreement, board minutes, annual reports or other documentary evidence of contracts with director’s company – decision affirmed

TAXATION – ADMINISTRATIVE PENALTY – whether taxpayer exercised reasonable care – where taxpayer’s treatment in returns said to be rational – where no evidence of degree of care exercised – whether penalty should be remitted – decision affirmed

Full decision here