Drumheller v. MNR, 59 DTC 1177, [1959] CTC 275 (Ex Ct) -- summary under Business

lump sum received in lieu of franchise rights was from an undertaking

The taxpayer, who orally agreed with his brother-in-law to jointly seek a franchise to supply a town with natural gas, received $10,000 in lieu of...

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Words and Phrases
undertaking