The Assistant Chairman:—This is an appeal in respect of an income tax assessment for the 1971 taxation year. This appeal was heard October 14 and 15, 1976 on common evidence with the appeal of Townsview Properties Limited from assessments for income tax in connection with its 1970 and 1971 taxation years.
For the reasons given in the Townsview Properties Limited appeal, the appeal is allowed and the assessment referred back to the respondent for reconsideration and reassessment in accordance with those reasons.
Appeal allowed.
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