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AAT Case 34/96; No 10,911
Judgment date: 6/05/1996
Court: AATA
Judge: Burton
Citation:
(1996) 32 ATR 1301;
(1996) 96 ATC 374;
Catchwords: Taxation and revenue; Capital gains tax; Date of acquisition of asset under contract; When agreement to purchase property came into existence;
Taxation and revenue; Penalties and offences; Failure to include capital gains in tax return; Culpability component of penalty;