Income tax – failure to declare income – discovery assessments made on the basis of deliberate behaviour – held not deliberate but careless – assessments made to best judgment and not displaced by appellants evidence – penalties assessed for fraudulent/deliberate inaccuracies – held not fraudulent/deliberate but negligent/careless – penalties reduced accordingly
Citations:
[2020] UKFTT 225 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 30 January 2022; Ref: scu.652270