XQDX and Commissioner of Taxation (Taxation) [2021] AATA 4070

TAXATION – review of a decision of the Commissioner to disallow the Applicant’s objection to amended assessments – whether Applicant entitled to claim notional deduction pursuant to ITAA 97 div 355 – R&D expenditure – whether Applicant incurred expenditure on R&D for the purposes of ITAA 97 s 355-205 – whether Applicant owns IP of R&D – whether level of penalty appropriate under TAA s 284-90 – whether penalty should be remitted in full or in part under TAA s 298-20 – reviewable decision varied


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