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An accounting student is researching the deductibility of business expenses. She has found an amendment to the federal Income Tax Act that states that certain
An accounting student is researching the deductibility of business expenses. She has found an amendment to the federal Income Tax Act that states that certain expenses are not deductible. However, she has also found case law that states that the expenses are deductible. Which law prevails? What additional information do you require to answer this question?
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