Dec 7 (Reuters) - Orica Ltd ORI.AX :
* Amended income tax assessments issued to Orica for 2004, 2005 and 2006 income years have been subject of proceedings between Orica and commissioner of taxation
* Says federal court yesterday found in favour of the commissioner
* The company is reviewing the judgement and seeking legal advice regarding an appeal to the full federal court
* Says decision will have an adverse impact on net profit after tax of approximately $36 million
* Says "it has 21 days to appeal the federal court's decision."
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