Bosanac and Commissioner of Taxation (Taxation) [2019] AATA 1240

TAXATION – Taxation Administration Act 1953 (Cth) – remittal from Federal Court – whether the tax shortfall penalty should be remitted in full or in part under s 298-20 of Schedule 1 – broad discretion – particular circumstances of taxpayer – lack of financial understanding – penalty be reduced from 75% to 60%

Full decision here