Précis: In 2013 the taxpayer appealed to the Tax Court from an assessment in respect of its taxation year ending June 30, 2008. In 2014 it received a “Notice of Additional Assessment” imposing penalties pursuant to subsections 163(1) and (2) of the Income Tax Act in respect of the same taxation year. The taxpayer moved in the current appeal “determine if the ‘notice of additional assessment’ [for its 2008 taxation year] received by the Appellant is really a reassessment” and, if so, that the reassessment of income for the appellant’s 2008 taxation year before the Court is no longer valid” [para. 1].
684761 B.C. Ltd. v. R. - TCC: Additional assessment did not vacate prior assessmentREAD MORE »