Webb J. noted that the gross-up amount will increase a taxpayer's income for the purposes of assessing a 163(1) penalty, because 163(1) calculates the 10% penalty on the income amount, not the tax owing.
Topics and taglines
Tagline
gross-up effect on penalty
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
338912
Extra import data
{
"field_legacy_header": "<strong><em>Cooper v. The Queen</em></strong>, 2010 TCC 403, 2010 DTC 1277 [at 3934] (Informal Procedure) <strong>[gross-up effect on penalty]</strong>",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}
"field_legacy_header": "<strong><em>Cooper v. The Queen</em></strong>, 2010 TCC 403, 2010 DTC 1277 [at 3934] (Informal Procedure) <strong>[gross-up effect on penalty]</strong>",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}