Bazzo v Commissioner of Taxation [2017] FCA 412

21Apr2017

TAXATION – application for interlocutory injunctive relief – Notices of Amended Assessment and Notices of Amended Assessment of shortfall penalty – construction of Deeds of Agreement – construction of term in Deeds 'Taxation Debt' – where 'Taxation Debt' defined by reference to a sum 'comprised of Tax-Related Liability and applicable GIC due and payable by the Taxpayer as at 7 August 2015, subject to an adjustment to those amounts by virtue of the Determination of the Objection Process' – whether Commissioner entitled to claim from taxpayers general interest charge accrued since date of entry into Deed. Click here