THURLOW, J.:—This is an appeal by the Minister from a judgment of the Tax Appeal Board (28 Tax A.B.C. 161) allowing the respondent’s appeal and vacating an assessment of income tax for the year 1959. The appeal raises a question on the inter-

BISSONNETTE, J.:—M. le juge Owen expose les faits qui ont donné naissance à cette instance de même que les lois qui régissent la matière sub judice, de sorte qu’il serait superfétatoire de reprendre l’analyse des uns et des autres. Du reste, le juge de la Cour supérieure, dans une argumentation serrée et qui couvre tout le débat exprime une opinion qui me paraît irréfutable. En substance, je ne ferais que répéter les considérations qu’il formule avec soin et grande clarté.

NOEL, J.:—L’appelant excipe devant cette Cour d’une décision de la Commission d’appel de l’impôt, datée du 24 août 1961 (28 Tax A.B.C. 21) par laquelle cette dernière décidait que les paiements à l’appelant faits par Frontenac Shoe Ltée, dont celui-ci était le

Noel, J.:—La compagnie Frontenac Shoe Ltée, de Québec (P.Q.), excipe devant cette Cour d’une décision de la Commission d’appel de l’impôt, datée du 24 août 1961 (28 Tax A.B.C. 1) par laquelle cette dernière admettait la déduction des sommes payées chaque année

Jupson, J. (all concur) :—Both the Tax Appeal Board and the Exchequer Court have found the appellant liable for income tax on certain discounts received in the years 1950 to 1955 inclusive. These receipts came from his purchase of agreements for the sale of land, lease-option agreements on land and mortgages on land. He purchased at a discount and held the securities to maturity. The issue is whether the discounts when received by him were taxable income or accretions to capital.

Dumoulin, J.:—The matter hereunder decided, a succession duty case, heard in Toronto, on June 1, 1960 by the late Fournier, J., was referred to me for adjudication by the President of this Court, pursuant to the parties’ written consent, filed on December

CATTANACH, J.:—This is an appeal from the appellant’s income tax assessment for the taxation year ending March 31, 1956 (hereinafter referred to as the 1956 taxation year) whereby a tax in the sum of $1,103,618.83 was levied in respect of income for the

CAMERON, J.:—This is an appeal from a re-assessment to income tax dated May 14, 1958 and made upon the appellant for the year 1954. In his return for that year, the appellant computed his net income at $17,099.96, but the Minister in his

NOEL, J.:—This is an appeal from a notice of re-assessment issued by the respondent in respect of the 1956 taxation year under which the sum of $117,540.99 was added to the appellant’s income as recaptured capital cost allowance under Section 20(1) of the

DUMOULIN, J :—This is an appeal from a decision of the Tax Appeal Board, 25 Tax A.B.C. 317, dated November 14, 1960, in respect of appellant’s income tax assessment for 1957, disallowing the latter’s claim to a deduction of $23,000, alledgedly representing