Read the full judgment text of on BabelCite. was delivered on 15 April 2015.
1. This matter concerns profits tax paid over the tax years 1998/1999 to 2003/2004, by the plaintiff company which has been ordered to be wound up on 5 June 2006. It was the plaintiff company’s claim that the profits for those years had been fraudulently inflated by its then management, some of whom have been convicted of charges including false accounting. The court appointed liquidators of the plaintiff company sought to re-open the assessments and obtain a refund from the commissioner relyin