Section RM 4 — Income Tax Act 2007: Overpayment on amended assessment

RM 4 Overpayment on amended assessment Assessment increasing tax (1) The Commissioner must refund an amount of tax that a person has paid if— (a) the person paid the amount as a result of an amendment to an assessment increasing the amount of tax payable by the person; and (b) the amount is more than the amount required to be paid by the person under this Part; and (c) the 4-year period under section 108 of the Tax Administration Act 1994 beginning at the end of the income year in which the assessment was amended has not ended. Refunds arising from mistakes (2) Section RM 6 overrides subsection (1). Defined in this Act: amount , amount of tax , assessment , Commissioner , income year , pay , Compare: 2004 No 35 s MD 1(2)