Isaac, C.J. (orally):—We do not need to hear from you Mr. Softley. The appellant has not persuaded us that the learned trial judge has committed any error of law that would warrant our interference.

King, D.T.C.C.J.:—This appeal was heard in conjunction with the Michael Gondosch appeal.

Couture, T.C.C.J.:—Les cotisations sous appel ont trait aux années d'imposition 1986 et 1987. Le faits suivants ont été dévoilés par la preuve.

Craig, J:—On January 28, 1991, each of the accused elected to be tried in the Provincial Court and pled not guilty to 11 counts in information 12918C. Trial on all charges commenced January 28, 1991, and concluded February 27, 1991.

Sobier, T.C.CJ.:—The appellant appeals from the reassessment by the respondent for his 1986 taxation year whereby, in respect of the disposition of certain real property, the respondent recorded the amount of $47,826.90 as business income, whereas the appellant had reported

Bowman, T.CJ.:—The appellant appeals from a reassessment for his 1989 taxation year. His sole objection to the reassessment is the imposition of a $500 penalty which was levied pursuant to subsection 163(1) of the Income Tax Act,

Garon, T.C.j.:—The appeals of the four appellants were heard on common evidence. Three of the appellants were represented by counsel, and the fourth, Pierre Daneau, acted for himself.

Dussault, T.CJ. [Translation]:—This is an appeal from the new assessments established by the respondent, the Minister of National Revenue, for the appellant's 1984 and 1985 taxation years.

Rip, T.C.J.:—The main issue in these appeals from assessments of income tax is whether 527208 Ontario Limited C Ontario") received money on the retirement of a debenture issued by Happy Valley Hotel Limited CH.V. Limited") on its own account or for the

Wetmore, J.:—Some facts are first necessary.

1. August 4, 1989—Shirlar Holdings Ltd. gave a general assignment of book accounts to the plaintiff.