Home – New Forums Money matters ATO BS – Commissioner of Taxation v Eichmann [2019] FCA 2155 (20 December 2019) Reply To: ATO BS – Commissioner of Taxation v Eichmann [2019] FCA 2155 (20 December 2019)

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[USER=5318]@JamesMillar[/USER] just because many business’s have being doing it in the past it doesnt mean that it is a legitimate deduction, thankfully our laws don’t work on precedence, but more the correct interpretation.

”In short the ATO has successfully won a case on appeal to deny a small business access to a tax concession that they were legitimately entitled to (like many before them). ”

This whole statement is actually wrong, if they were legitimately entitled to it, the courts would have found against the ATO, it just means that accountants and business have being misinterpreting the laws all along. We as tax payers should be glad that this individual has thought a private ruling, and as such with a bit of luck the ATO will go for all the business’s that have being claiming something they should not have, which the courts have agreed.