BPFN

Sladen Snippet - ATO attempts to read down NALI defeat in BPFN decision

Sladen Snippet - ATO attempts to read down NALI defeat in BPFN decision

As noted previously, the recent Administrative Appeals Tribunal (AAT) decision of BPFN and Commissioner of Taxation (Taxation) [2023] AATA 2330 (28 July 2023) (BPFN) had struck a blow to the ATO’s strict approach to non-arm’s length income (NALI) and taken a more general commercial approach to NALI.