Précis: The taxpayer was assessed pursuant to section 160 of the Income Tax Act (the “Act”) in respect of a transfer to him by his sister-in-law. He appealed unsuccessfully to the Tax Court. He next appealed to the Federal Court of Appeal. He had two grounds of appeal: 1. the Tax Court Judge incorrectly refused to allow him to break his direct examination to consult with his lawyer; and 2. the Tax Court Judge incorrectly rejected an argument that the monies transferred were the subject of a trust created by his mother-in-law. The Court of Appeal rejected both grounds of appeal and dismissed the appeal with costs.
Yu v. R. – FCA: Appeal of section 160 assessment dismissed by Federal Court of AppealREAD MORE »