PDXS and Commissioner of Taxation (Taxation) [2021] AATA 725

TAXATION – income tax – Applicant made statements regarding cash income to Western Australia Police during Police interview – Police froze $79,545 cash found in Applicant’s home and car – Police referred Applicant to Australian Taxation Office – default assessments of income tax for 2011 and 2014 income years – default amended assessments of income tax for 2012 and 2013 income years – assessment of penalties – whether default income tax assessments were excessive – whether administrative penalties were excessive – whether all or part of penalty should be remitted – Applicant knowingly made false statements about his income – Tribunal does not have jurisdiction to review the Commissioner’s decision not to remit any general interest charge – Applicant alleged Commissioner did not make a genuine attempt to estimate his taxable income – whether Applicant met burden of proof – Applicant unable to meet burden – Objection Decision affirmed.

Full decision here.