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FEDERAL INCOME TAX - Administration and enforcement - Penalties and interest - Interest - Refund interest

Thursday, September 07, 2017 @ 8:47 AM  

Application by the taxpayer from the dismissal of his application for judicial review of the Minister’s decision denying him interest on an amount that had been refunded to him. Some time prior to March 7, 2013, the appellant was reassessed under the Income Tax Act (Act). His alleged outstanding tax liability under the Act by February 2014 was over $200 million. The reassessment was currently under appeal. On March 7, 2013, the Minister obtained a Jeopardy Order under s. 225.2 of the Act for immediate collection...