Pure-service exemption for municipal sanitation manpower requires an identifiable qualifying municipal-function supply, leaving non-exempt outsourcing...
Higher depreciation for mining dumpers applies when composite contracts require transportation services, rather than merely incidental internal vehicl...
Knowledge requirement for customs penalties: unverified retracted statements could not establish cigarette-related liability, while goods were release...
Cash loans accepted from a spouse may attract penalty where the taxpayer cannot establish reasonable cause for using cash despite available banking channels. A family arrangement did not justify the cash acceptance because each taxpayer remains independently liable under the Income-tax Act. Subsequent repayment through cheque did not cure the contravention, which occurs when the loan or deposit is accepted in cash. The penalty was sustained and the appeal was dismissed.
Cash loans accepted from a spouse may attract penalty where the taxpayer cannot establish reasonable cause for using cash despite available banking channels. A family arrangement did not justify the cash acceptance because each taxpayer remains independently liable under the Income-tax Act. Subsequent repayment through cheque did not cure the contravention, which occurs when the loan or deposit is accepted in cash. The penalty was sustained and the appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4937 
