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ISSUES FOR DETERMINATION
1. Whether, having regards to the provisions of Section 85 and77 of the Companies Income Tax Act {CITA} and the recent decision of this Honorable Tribunal in WEATHERFORD V FIRS, Interest and Penalty should not accrue since the Appellant objected the assessment and also paid the assessment within 2 months of the notice of assessment.
2. Whether the decision of this Honorable Tribunal in WEATHERFORD V.FIRS is on all fours with the instant case, having regard to the facts and circumstances of the instant case and the provisions of Section 55 (1) and (2)and Section 59 of CITA and Section 32 of the Federal Inland RevenueService Establishment Act 2007 {FIRSEA}.
3. Whether the Appellant’s failure to file their tax returns on the due date validates the Penalties and Interest imposed by the Respondents as provided by CITA and FIRSEA 2007.
4. Whether the Appellant’s admission of not paying tax as at when due in the 2015 Year of Assessment evokes the powers of the Respondent under Section 32 of FIRSEA 2007.