IT’S A MATTER OF INTERPRETATION
Filed Under Tax · Tagged: Income Tax Act
It is known that many tax appeals get won by the taxpayer in the Supreme Court of Canada. This is because majority of the judgments rendered by CRA and the courts comes down to the interpretation of the sections of the Income Tax Act.
When interpreting the Income Tax Act, it is wise to use precedent setting cases. These are court cases where a ruling has already been given in a specific area of Income Tax Act. Precedent Setting Cases help judges determine future cases dealing in the same are of the Law or Act.
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