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The ATO has published a Decision Impact Statement in relation to the decisions in De Simone and FCT [2008] AATA 708; 2008 ATC 10-042; 74 ATR 237; [2009] FCA 446; [2009] FCAFC 181. The case concerned whether a claimed partnership loss arising from the applicants' investment in "Jolson - The Musical" was deductible. The AAT accepts the decisions.


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