Penn Penfold was served (in his individual capacity) on 22 May 2020 with an amended notice of assessment issued by the Australian Taxation Office stating that he owed $2,000 in tax for the 2019/20 tax year. Penn wishes to dispute the assessment and has come to you for advice. He wants to know:

1. What power does the Commissioner have to issue the amended assessment?
2. How long does Penn have to object to the amended assessment

Answer rating: 100% (QA)

1 Power of the Commissioner to Issue Amended Assessment The Commissioner of Taxatio... View the full answer