4 March 1991 Income Tax Severed Letter

By services, 22 July, 2022
Language
English
Document number
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
657455
Extra import data
{
"field_external_guid": [
"menu:://Federal Income Tax [CCH Tax ]/Tax Window Files/Tax Window Files/Tax Window Files/1990s/1991 [MR91_194.197 - FE91_224.226]/MR91_400 — Keeping of Records - Retention of Ticket Stubs"
],
"field_proprietary_citation": [],
"field_release_date_new": "1991-03-04 07:00:00",
"field_tags": []
}
Main text

March 4, 1991

Audit Programs Directorate              Rulings Directorate
Audit Applications Division             R.B. Day
                                        (613) 957-2136
Attention:  W. Szyc
                                        910168

Application of 230(4) - Retention of Ticket Stubs

Further to our telephone conversation of February 25, 1991, we are
forwarding the January 9, 1991, letter from            24(1)     
your consideration and reply.

A copy of our interim reply is also enclosed.

We examined our research file regarding this subsection and found that we have not been asked to consider the application of this provision relative to specific expense vouchers, such as ticket stubs.

Our Comments

It is our opinion that, whether or not ticket stubs should be retained in order to "verify the information contained ..." in this subsection, would depend on the over-all adequacy of the taxpayer's records relative to the specifics of the particular business enterprise. In other words it would be a judgement call as to whether retention of such records would be required in order to fulfil the compliance requirements of subsection 230(4).

                         19(1)

B.W. Dath Director Business and General Division Rulings Directorate Legislative and Intergovernmental Affairs Branch

000400