Guy Tremblay:—This case was heard on April 28, 1982, at the City of London, Ontario.

D E Taylor:—This is an appeal heard in Montreal, Quebec on November 19, 1982, against an income tax assessment for the year 1977 in which the Minister of National Revenue refused to allow a deduction of $3,123.45 claimed by the appellant

D E Taylor [TRANSLATION]:—This is the appeal of Produits d’Acier Phoenix Ltée for 1975, 1976 and 1977.

The appeal is vacated for 1976.

M J Bonner:—The appellant appeals from assessments of income tax for the 1974 to 1977 taxation years. On assessment the respondent included in the computation of income:

D E Taylor:—This is an appeal heard in Vancouver, British Columbia, on January 19, 1983, against an income tax assessment for the year 1976 in which the Minister of National Revenue increased the taxable income of the appellant by $48,000. That

Guy Tremblay:—This case was heard on July 12, 1982, at the City of St John’s Newfoundland.

Guy Tremblay:—This appeal was heard on May 27, 1982, at the City of Toronto, Ontario.

The Assistant Chairman:—At the commencement of the hearing of the above appeals, counsel for the parties agreed that both matters were to be heard on common evidence.

D E Taylor:—These are appeals heard on common evidence in Victoria, British Columbia, on October 22, 1982, against income tax assessments for the years 1977 and 1978 in which the Minister of National Revenue consid- ered the gains realized by

The Assistant Chairman:—The appellant is in the business of farming in the Province of Alberta. When it filed its income tax return, it did so on what is known as the “cash basis”. As explained by the appellant’s accountant, in preparing