10 January 2014 Ministerial Correspondence 2013-0513401M4 F - Pertes agricoles restreintes -- summary under Subsection 152(4.2)

Respecting a request to reassess taxation years beyond the normal reassessment period to allow (presumably on the basis of Craig) the deduction of farm losses which originally had been assessed as being restricted, CRA first noted the 10-year limitation in s. 152(4.2), and stated (TaxInterpretations translation):

[T]he policy of the CRA is to not make a further assessment or determination when the request of the taxpayer is based solely on a judicial decision respecting another taxpayer. A court decision is based on the facts of that case.

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Topic
Income Tax Act - s. 152(4.2)
Tagline
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
321481
d7 import status
Drupal 7 entity type
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Drupal 7 entity ID
342805
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