Words and Phrases - "misrepresentation that is attributable to neglect"
Venne v. The Queen, 84 DTC 6247,  CTC 223 (FCTD)
The phrase "misrepresentation that is attributable to neglect" refers to being negligent with respect to one or more aspects of a taxpayer's tax return. The taxpayer was found not to have exercised reasonable care in the completion and filing of his returns in two respects: (1) he did not read his returns before signing them; and (2) the errors in his returns would have been obvious to a reasonable man of even his limited education.
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|Tax Topics - Income Tax Act - Section 163 - Subsection 163(2)||67|