16 Dec 2015
THE COMMISSIONER OF INLAND REVENUE v CIT HOLDINGS LIMITED [2015] NZHC 3207 [16 December 2015]
- Citation
- [2015] NZHC 3207
- Court
- High Court
Leave to file a statement of defence was refused because service was properly effected at the recorded registered office, CIT failed to demonstrate procedural impropriety by the Commissioner in the disputes process or an arguable defence undermining the assessment, CIT had previously acknowledged tax shortfalls and provided voluntary disclosure, the belated PWC opinion was uninformative and too late, and CIT did not show lack of prejudice to the Commissioner or evidence of solvency to justify indulgence.