Good on him replying.
My main concern is that the onus of proof is on RAN. Which is normal in these tax cases.
RAN need to prove that the assets exist, or existed in 2018 and subsequent years. The ITO, the auditors and the ASX (remember the request for a copy of the asset register) have all fallen short so far on being able to identify the value and assets in question. I. E They all cannot find the evidence to conclude the assets still existed at the date in question. Both in the books and physically sighting. And this is years later.
What has changed. If the evidence does exist, then why did the appeal fail, why are the auditors dissatisfied.
The plant is about to be pulled apart as they exit their premises later this year. What then!
Yes, on balance there may not have been any sale of assets. But if you cannot prove where the assets are, reconcile them to the books, then it's unlikely to get the ITO decision overturned. Accounting 101.
I hope that I am totally wrong.
(20min delay)