Catchwords
Income tax – Assessment - Notice stating no tax payable - Subsequent assessment showing assessable income and tax payable thereon - Whether initial notice an "assessment" for the purposes of s 170(3) of the Income Tax Assessment Act 1936 (Cth) - Whether subsequent assessment therefore unauthorised - Whether any tax became "due and payable" upon issue of initial notice.
Words and phrases – "assessment" - "due and payable".
Income Tax Assessment Act 1936 (Cth) – ss 6(1), 166, 170, 171, 204.