Précis: Mr. Manhue was another victim of Fiscal Arbitrators. He claimed a business loss of $263,351.82 in 2009. The loss was denied and CRA imposed a gross negligence penalty of $32,633.91 under subsection 163(2) of the Income Tax Act. He appealed the imposition of the penalty unsuccessfully. However the Tax Court did exercise its discretion and did not award costs against him.
Manhue v. R. – TCC: Gross negligence penalty upheld in another Fiscal Arbitrators CaseREAD MORE »