Précis: The appellant was subject to net worth assessments in 2003 and 2004 alleging that he had failed to report rental and business income as follows:
(i) the appellant failed to report rental income of $20,905 and $13,816 in the respective 2003 and 2004 taxation years; and
(j) the appellant failed to report business income of $49,206 and $68,900 in the respective 2003 and 2004 taxation years.
Sarmadi v. R. - TCC: Net worth assessment - Court rejected evidence of loan from fatherPlus >