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Three Year Rule - The tax arrears in question has to be able to for coming back that was due in any case three years in prior. You cannot file bankruptcy in 2007 and work to discharge a 2006 due.
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(c) any individual who is actually in possession any sort of money bullion, jewellery or other valuable article or thing and such money bullion jewellery a lot of. represents either wholly or partly income or property offers either not been or would not disclosed for the purpose of the income Tax Act referred to in the section as undisclosed income or home.
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