Christie, A.C.J.T.C.:—The question is whether the method adopted by the appellant in valuing its inventory [1] for the purposes of computing its income for its 1983 taxation year is permissible under the Income Tax Act.

Rip, T.CJ.:—The appellant, Paul H. Cohen, appeals notices of reassessment issued by the respondent, the Minister of National Revenue, for the 1979, 1980, 1981, 1982 and 1985 taxation years. No notice of objection as required by section 169 of the

Rip, T.CJ.: — Counsel for the Minister of National Revenue has brought a motion before this Court to dismiss the appeal of Ben Martens on the basis that the assessment of federal tax of the appellant for 1984 is nil with the

Kempo, T.C.J.: —Dr. Gerd P. Weih has launched an appeal for his 1978 taxation year. The sole issue defined by the appellant's counsel for determination by the Court is extracted from the notice of appeal and reads:

Couture, C.J.T.C. [Translation]:—The appellant is appealing an assessment dated May 17, 1985 for the 1979 taxation year. In this assessment the respondent added $502,133 to its income as business income from the sale of assets in the circumstances

Goetz, T.C.J. [Orally]:—The appellant is appealing his assessment for the 1981 taxation year wherein the Minister disallowed the sum of $9,949 claimed by the appellant as interest expense on money borrowed to invest in commodities.

Muldoon, J. [Orally]: —The facts in this case are relatively clear. Indeed, the basic facts expressed in the first six paragraphs of the plaintiff's amended statement of claim are admitted by the defendant. As the trial unfolded the de

Tyrwhitt-Drake, J.:—The petitioners, partners in the firm of solicitors Cox Taylor Bryant, have applied under subsection 232(4) of the Income Tax Act for an order determining the question of whether or not the firm’s trust account ledger

Pratte, J.: —In spite of Mr. Weder's able argument, we cannot find any error in Mr. Justice Muldoon's judgment. The appeal will therefore be dismissed with costs.

Appeal dismissed.

Denault, J.: —This is an action by way of appeal from a judgment of the Tax Court of Canada, dated June 1, 1984, allowing the defendant's appeal in respect of his 1975 taxation year. At issue is the taxpayer's eligibility to deduct from his taxable income full farm losses under section 31 of the Income Tax Act.