Taylor, TCJ:—This is an appeal heard in Toronto, Ontario, on January 18, 1984 against an income tax assessment for the year 1977.

The point at issue as detailed in the notice of appeal was:

5. The Appellant states that the losses relating to its horse breeding and racing operation were incurred in the course of and as an integral part of the Appellant’s profit making enterprise as a whole and as such, were incurred to earn income.

St-Onge, TCJ [ORALLY]:—The appeals of Dr Laszlo D Bakos and his wife Jeannette Bakos were heard on common evidence on January 31 and February 1, 1984, at the city of Vancouver, British Columbia.

Rip, TCJ:—This is an appeal against assessments for 1975, 1976 and 1977 taxation years which was heard on common evidence with the appeals of Theophil DeCock and Joyce DeCock. In this appeal the respondent disallowed certain

Rip, TCJ:—The appellant appeals from assessments for the 1977 and 1978 taxation years. The appeal was heard on common evidence with the appeals of Fred and Ted's Construction Ltd and Theophil DeCock. The appellant’s appeal is in relation to the treatment of the gain on the disposition of the property in 1977 known as Caprice Manor which she owned, with Mr DeCock, her husband, each as to an undivided one-half interest.

Rip, TCJ:—This is an appeal from income tax assessments issued against the appellant for 1975, 1976, 1977 and 1978. The issues are whether certain properties disposed of by the appellant in the three earlier years were on account of capital or

Kempo, TCJ:

Rip, TCJ:—This is an appeal from an income tax reassessment for 1980 in which the respondent added to the appellant’s income the sum of $54,659 as “shareholder appropriation from Holiday Ford Sales (1980) Limited under the provisions of subsection 15(1) of the

Tremblay, TCJ [TRANSLATION]:—This case was heard at Sherbrooke, Québec on March 10, 1983.

Taylor, TCJ:—This is an appeal heard in Toronto, Ontario, on January 17, 1984 against an income tax assessment in which the Minister of National Reve- nue assessed a penalty of $317.75 for late filing of the corporation’s income tax return. This

Taylor, TCJ:—These are appeals heard on common evidence in Toronto, Ontario on May 1 and May 2, 1984 against income tax assessments which are summarized below.