General Motors Acceptance Corp. of Canada Ltd. v. The Queen, 2000 DTC 1844 (TCC) -- summary under Subsection 10(1)

By services, 28 November, 2015

Rip TCJ. found that there was no evidence before him that conditional sales contracts purchased by the taxpayer from General Motors dealers were inventory to it at any time. Accordingly, the taxpayer had no basis for writing down those contracts.

Topics and taglines
Topic
Income Tax Act - s. 10(1)
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
333323
Extra import data
{
"field_legacy_header": "<strong><em>General Motors Acceptance Corp. of Canada v. The Queen</em></strong>, 2000 DTC 1844, Docket: 97-2864-IT-G (TCC)",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}