Search and seizure: abatement of earlier search bars use of prior seized material in later search-based assessments; relief limited to new documents f...
Page of 4814
Press 'Enter' after typing page number.
6601 to 6620 of 96262 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The issue concerns levy of a statutory penalty where income from cash seized during search was treated as unexplained additions under the relevant unexplained income provision. The tribunal applied the statutory test linking that unexplained income to the penalty provision and found no credible explanation, reasonable cause, or material to attract the exclusionary clause; consequently the statutory conditions for non-levy were not satisfied and the penalty was sustained. Disclosure during search was held insufficient to negate liability once judicial determination classified the cash as unexplained income, and the appeal was dismissed.
The issue concerns levy of a statutory penalty where income from cash seized during search was treated as unexplained additions under the relevant unexplained income provision. The tribunal applied the statutory test linking that unexplained income to the penalty provision and found no credible explanation, reasonable cause, or material to attract the exclusionary clause; consequently the statutory conditions for non-levy were not satisfied and the penalty was sustained. Disclosure during search was held insufficient to negate liability once judicial determination classified the cash as unexplained income, and the appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
