Part C Discussion Question Total of 20 marks YOU MUST SELECT ONE OPTION AND ANSWER EITHER OPTION 1 or OPTION 2 Option 1 Please chose ONE (1) of the following cases and prepare an analysis: 0 Commissioner of Taxation v Pike [2020] FCAFC 158 a Commissioner of Taxation v Healius [2020] FCAFC 173 o Eiehmann v Commissioner of Taxation [2020] F CAF C 155 o Greig v Commissioner of Taxation [2020] FCAF C 25 o Bywaier Investments Limited & Ors v. Commissioner of Taxation [2016] HCA 45 You must be able to discuss the relevant facts and circumstances for the relevant case, the issues arising in the case and be able to explain (in YOUR OWN WORDS) what the Court decided and Why it was important. You must also refer to the relevant legislative provisions which the case concerns in the ITAA97 or ITAA367c. Maximum 1,000 words Option 2 Discuss the income tax implications of the following. Include references to the legislation, case law and taxation rulings. (a) Prot of $25,000 made by a manufacturing company on the disposal of one of the machinery it has leased to carry on its business. (b) Gifts and payments made by a soccer club and its supports to a star professional player, largely in their delighted response to his being selected to play for Australia. The club gave him a car valued at $35,000; supporters through a collection at one game, gave him $2,900. (c) An exchange gain of $750,000 made by a manufacturer in respect of money borrowed in 1997 and used to nance construction of a new factory building. ((1) A boat valued at $75,000 given to an amateur tennis player to turn professional