ANGERS, J.:—In his statement of claim the appellant asks that his appeal be allowed and that the assessment made by the respondent under the provisions of the Dominion Succession Duty Act (4-5 Geo. VI, Chap. 14), be varied by reducing

THORSON, P.:—These appeals from the appellant’s income tax and excess profits tax assessments for 1945, 1946, 1947 and 1948 turn on the meaning of the word " 4 losses” in Section 5(p) of the Income War Tax Act, R.S.C. 1927, c.

THORSON, P.:—This is an appeal from the appellant’s income and excess profits tax assessment for 1945. The issue in the appeal is whether the appellant sustained a loss in 1946 within the meaning of Section 5(p) of the Income War Tax

CAMERON, J.:—In 1946, the appellant company sold a large number of shares of Dominion Malting Company, realizing a substantial profit thereon. The respondent assessed the appellant under the Excess Profits Tax Act, Statutes of Canada, 1940, e.