A W Prociuk:

A W Prociuk (orally: September 17, 1974):

1 This is the appeal of Karmel Apartments Ltd. The issue in this appeal is whether or not the net profit in the sum of $46,041.21 on the sale in December 1969 of a 20-suite apartment block, located at 70 East Sixth Avenue, Vancouver, British Columbia, and owned by the appellant company, is taxable.

Cattanach, J:

1 This is an appeal by the Minister from a judgment of the Tax Review Board whereby an amount claimed by the defendant as a deduction in computing his income for his 1972 taxation year was allowed.

• (i) $1,500 in respect of himself;

Bonner T.C.J.:

Heald, J:

1 The plaintiff is a body corporate incorporated in January of 1958 pursuant to the laws of the Province of Quebec.

Mahoney, J:

1 The issue is whether a gain realized on the disposition of real estate is taxable as income or not taxable as a gain on realization of a capital asset. The plaintiff is, and at all material times has been, a private company incorporated in British Columbia, 75% of whose shares are owned by Karel Alston and 25% by Alston's wife.

The Assistant Chairman:

1 This appeal of Charter Industries Limited is from income tax assessments in respect of the 1969, 1970 and 1971 taxation years and was heard in Montreal on September 16, 1975.

The Assistant Chairman:

1 This is the appeal of Dr Henry T Wyatt from an income tax assessment in respect of the appellant's 1970 and 1971 taxation years.

Judge Flanigan (orally: April 8, 1974):

A W Prociuk (orally: October 22, 1974):