INCOME TAX

                                                                                           Reassessment

Judicial review of decision denying applicant’s request for reassessment to claim allowable business investment loss in respect of Perfection Group Limited (PGL) shares—Request denied on basis at end of 1993, not reasonable to expect PGL would be dissolved, wound up and not begin to carry on business—Evidence not reasonably leading to this conclusion—Application allowed.

Simmonds v. M.N.R. (T‑927‑04, 2006 FC 130, Dawson J., order dated 6/2/06, 22 pp.)