INCOME TAX - appeal by taxpayer from objection decision disallowing objections to notice of assessment and notice of amended assessment - where Commissioner determined two amounts should have been included in applicant's taxable income for the 1997 income year - applicant taxpayer was a principal of a law firm with a tax advice practice - applicant taxpayer had filed a tax return for total taxable income of $100 for the relevant year - whether first amount should have been included in taxpayer's assessable income per ss 95A(1), 97 and 101 and/or Part IVA of the Income Tax Assessment Act 1936 (Cth) - whether the second amount should have been included in taxpayer's assessable income per Part IVA - whether penalties imposed by Commissioner ought be remitted or reduced - where appeal limited to one income year as a test case - held: taxpayer failed to demonstrate that assessments were excessive, ss 95A(1), 97 and 101 applied to first amount, Part IVA applied to both amounts, penalties ought not be remitted or reduced
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