Dominion Taxicab Association v. Minister of National Revenue, 54 DTC 1020, [1954] CTC 34, [1954] S.C.R. 82 -- summary under Accounting Principles

By services, 28 November, 2015

"The expression 'profit' is not defined in the Act. It has not a technical meaning and whether or not the sum in question constitutes profit must be determined on ordinary commercial principles unless the provisions of the Income Tax Act require a departure from such principles."

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Topic
Income Tax Act - s. 9 - Accounting Principles
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
338998
Extra import data
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