Regulation 4700 - ELECTION IN RESPECT OF CERTAIN PROPERTY OWNED ON DECEMBER 31, 1971

Cases

Adelman v. The Queen, 97 DTC 5529, [1998] 1 CTC 133 (FCA)

The Court affirmed the decision below that the word "shall" in the context of Regulation 4700 was imperative and that the failure of the taxpayer to follow the prescribed form was fatal to its case.

Words and Phrases
shall

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