Guy Tremblay:—This case was heard at Halifax, Nova Scotia, on June 13, 1978.

M J Bonner:—This is an appeal from an assessment of income tax for the 1974 taxation year and from a penalty imposed pursuant to subsection 163(2) of the Income Tax Act.

M J Bonner:—The appellant is the controlling shareholder of at least two corporations, International Audio Visual Ltd. (hereinafter “International”) and Wildwood Mobilehome Park Ltd. (hereinafter “Wildwood”). The respondent assessed tax for the appellant’s 1973 taxation

Guy Tremblay:—L’enquête en cette cause fut entendue à Montréal (Québec) les 18 et 19 novembre 1977. Les plaidoiries des avocats furent faites à Ottawa (Ontario) le 2 février 1978.

Roland St-Onge:—L’appel de Raoul Grenier & Frères Ltée est venu devant moi le 15 novembre 1978 à Quebec (Quebec).

The Chairman:—The appeals of Frank R Crawley are from assessments dated August 15, 1975, whereby the Minister of National Revenue added to the appellant’s income for the 1970 taxation year an amount of $15,000 claimed as a loss for a film called

Guy Tremblay:—This case was heard at Ottawa, Ontario, on December 8, 1978.

Guy Tremblay:— This case was heard at Ottawa, Ontario, on December 7, 1978.

The Chairman:—This is my decision in the application of Mr Antonio Arnone for an extension of time to file a Notice of Objection in respect of the 1975 and 1976 taxation years.

Delmer E Taylor:—This is an appeal against income tax assessments in which the Minister of National Revenue denied to the appellant the opportunity to utilize the provisions of the Income Tax Act dealing with “general averaging’’