QUESTION 7 On 1 August 2019, Henry Cones received an amended assessment for his 2017/18...
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Accounting
QUESTION 7
On 1 August 2019, Henry Cones received an amended assessment for his 2017/18 income tax return as the result of an ATO audit.
The amended assessment related to $14,600 of additional tax and penalties relating to deductions that the Commissioner considered to be not properly substantiated.
Henry lodged a valid objection against the amended assessment, which was disallowed by the Commissioner.
With specific reference to time limits and costs, what avenues of appeal or review are available to Henry?
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