The ATO has issued a Decision Impact Statement in respect of the AAT's decision in Jones, Peter & Helen and FCT  AATA 542; 2008 ATC 10-034;  AATA 544. The case concerned whether the extensions of time sought by the taxpayers to lodge objections in respect of their 1996-1998 income tax assessments should be granted. The AAT found that extensions of time to lodge objections should be granted to the applicants, as they had provided an acceptable explanation for the delay in objecting against the original assessments, and, although the case for claiming additional deductions was not strong, nevertheless it was reasonably arguable in the circumstances of the case.
The ATO accepts that the decision of the AAT was open to it on the particular evidence and the facts as found by the AAT.
For a copy of the Decision Impact Statement, go here