Skip to main content
TDS 22/12
Issued
16 Jun 2022

“Negative income” adjustment - Shortfall penalties

Income tax:  Whether the Taxpayer was correct to include the negative income adjustment in its income tax return to prevent income being taxed twice.  Whether the Taxpayer is liable for shortfall penalties.

To be published in the August 2022 Tax Information Bulletin

Find out more about Technical Decision Summaries