M J Bonner [ORALLY]:—The appellant appeals from assessments of income tax for the 1975, 1976 and 1977 taxation years. As to the assessment for 1977, the appellant concedes that it is correct and consents to judgment dismissing the appeal therefrom.

Grant, DJ:—The plaintiff is a corporation incorporated under the laws of Canada. Pursuant to an agreement dated February 19, 1981 (Tab 5 in group of documents filed by the plaintiff) it took over from its parent corporation, Fiat Motors of North

Walsh, J:—This action was heard jointly on the same proof as that of Jean- Paul Demers v The Queen, No T-2897-82 with the proof being made in this record. Both actions concern capital gain assessments for the 1976,

Collier, J:—This is an appeal from a decision of the Tax Review Board.

Le Juge Marceau:—J’ai eu l’occasion de lire les notes de mon collègue, le juge Hugessen, et malheureusement je suis incapable de souscrire à sa façon de voir. Aussi, me permetterai-je, avec respect, de faire valoir une opinion contraire à la

Strayer, J:—This is an appeal from reassessments for tax for taxation years ending February 28, 1975, and December 31, 1975, 1976 and 1977. In these reassessments the Deputy Minister of National Revenue disallowed deductions claimed by the company under

Collier, J:—This is an appeal by the Crown from a decision of the Tax Review Board. It was heard at the same time, and on common evidence, as action T-5754-82.

Dubé, J:—The plaintiff appeals from an assessment of the Minister, confirmed by the Tax Review Board, for the taxation years 1971 and 1972. The basic issue is whether the amounts received from the sales of timber rights by the plaintiff to Arnold

Collier, J [ORALLY]:—The motion to strike out the statement of claim is refused.

Jerome, ACJ:—This appeal from a decision of the Tax Review Board dated January 29, 1982, came on for hearing at Toronto, on February 23, 1983. At the conclusion of argument, I indicated that while I had some sympathy with the appellant, it