The
Chairman:—This
is
the
appeal
of
Haig
Djoboulian
from
reassessments
dated
February
28,
1975,
in
respect
of
the
appellant’s
income
for
his
1970,
1971,
1972
and
1973
taxation
years,
which
was
heard
on
common
evidence
with
the
appeal
of
his
father,
Edward
Djoboulian,
being
appeal
No.
76-537.
Contentions
The
appellant
alleges
that
the
Minister,
in
assessing
him
on
a
net
worth
basis,
made
an
error
in
assuming
that
the
value
of
the
appellant’s
assets
as
at
December
31,
1969,
was
$3,213.42
and
that
at
December
31,
1973,
his
net
assets
were
$30,568.03.
The
appellant
also
contends
that
the
Minister
erred
in
assuming
that
his
personal
expenses
from
1970
to
1973
amounted
to
$22,707.74.
The
appellant
claims
to
have
received
from
his
father
substantial
amounts
each
time
his
father
received
payments
from
monies
he
had
in
Egypt.
The
appellant,
however,
did
not
specify
what
these
capital
receipts
were.
The
amounts
received
by
Edward
Djoboulian
from
Egypt
were
considered
by
the
Board
and
calculated
in
arriving
at
his
net
worth
figure.
Having
already
been
considered
in
Edward
Djoboulian’s
net
worth
figure,
these
amounts
cannot
now
be
used
again
to
explain
the
appellant’s
capital
assets
as
at
December
31,
1973.
No
evidence
was
adduced
as
to
when
and
how
much
money
was
received
by
the
appellant
from
his
father
and
he
also
failed
to
substantiate
his
other
allegations
which
he
must
do
to
successfully
establish
that
the
Minister’s
assumptions,
on
which
the
appellant’s
net
worth
assessment
was
based,
were
erroneous.
For
these
reasons
the
Board
must
dismiss
the
appeal.
Appeal
dismissed.
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