Delmer E Taylor:—This is an appeal from an income tax assessment for the year 1970. The appeal was heard in Toronto, Ontario on September 20, 1976 and there are two matters at issue, both disallowances by Revenue Canada (Taxation) of amounts

A J Frost:—This is the income tax appeal of Lake City industrial Corporation Ltd (hereinafter referred to as “the appellant”) from Notices of Reassessment dated May 15, 1975, in respect of its 1965 to 1971 taxation years inclusive, wherein $90,570.18

The Assistant Chairman:—The appellant herein has appealed to this Board from assessments for tax for the 1972 and 1973 taxation years. On a schedule attached to its 1972 and 1973 income tax returns the appellant showed under the heading “Income

Delmer E T aylor:—-—This is an appeal from an income tax assessment for the year 1970. There are two matters at issue. The first is an amount of $17,514 paid by the appellant company (which will be referred to as North West)

Guy Tremblay:—This case was heard on January 23, 1976 at Quebec City.

A J Frost:—This is an income tax appeal from notices of reassessment dated October 25, 1973 in respect of the appellant’s 1969, 1970 and 1971 taxation years.

Roland St-Onge (orally: July 13, 1976):—The appeal of Nova Scotia Sand and Gravel Limited in respect of the respondent’s assessments of its income for the 1972 and 1973 taxation years was heard on July 9, 1976, and one of the matters at issue

Roland St-Onge (orally: July 13, 1976):—The appeal of Stefan Jachimowicz was heard on July 12, 1976 at the City of Halifax, Province of Nova Scotia, and it involves a real estate transaction on which the Minister imposed a tax in the appellant’s

A W Prociuk (orally):—The appellant appeals from the Minister’s assessment with respect to the taxation years 1967, 1968 and 1969 when the Minister added to her declared income the sums of $5,440, $5,436 and $5,436 for each year respectively

The Assistant Chairman:—As I understand this appeal there is between the parties no substantial dispute except for those points I will shortly mention and, for that reason, I see no purpose in mentioning a lot of points covered by evidence.