13 Jan 10 Decision Impact Statement - Amabalad Family Trust
The ATO has issued a Decision Impact Statement in relation to the AAT decision in Trustee for the Amabalad Family Trust and FCT  AATA 809; 2008 ATC 10-046; 71 ATR 987. The case concerned whether the taxpayer was liable to pay GST when its accounting method was changed from cash to accruals, whether the taxpayer was entitled to various input tax credits and whether the taxpayer was liable for an administrative penalty.
The ATO states that the decision of the AAT to set aside the decision of the Commissioner in relation to some of the issues in dispute was made on the basis of the findings of fact made by the AAT, having regard mainly to the oral evidence presented by the taxpayer.
For a copy of the Decision Impact Statement, go here