Morgan Securities Limited v. Minister of National Revenue, [1967] CTC 1, 67 DTC 5015 -- text
GIBSON, J.:—In this appeal the quantum of the 1959 and the 1961 taxable income of the appellant is in dispute. The appellant claims that it is entitled to deduct, in computing its 1959 income, a loss of $157,189.97 arising out of the sale for $43,313.33