Westcoast Energy Inc. v. The Queen, 91 DTC 5334, [1991] 1 CTC 471 (FCTD), briefly aff'd 92 DTC 6253 (FCA) -- summary under Paragraph 12(1)(x)

By services, 28 November, 2015

Damages which the taxpayer received in settlement of its suit based on the direct and indirect costs incurred by it in replacing a defective pipe line were not subject to tax under s. 12(1)(x), given that such amounts were not a "reimbursement" for purposes of that section. "The ordinary and legal meaning of the word does not contemplate an award of damages" (p. 5341).

Topics and taglines
Topic
Income Tax Act - s. 12(1)(x)(iv)
Tagline
damages not reimbursement
Words and phrases
reimbursement
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
333751
Extra import data
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