A J Frost:—This is an appeal with respect to the appellant's 1972 taxation year.

Delmer E Taylor:—These are appeals from income tax reassessments for the year 1973. It was agreed between counsel for the appellants and for the respondent that the appeals would be heard on common evidence.

A W Prociuk (orally: October 15, 1976):—The appellant corporation, CBT Investments Ltd, appeals from the respondent’s reassessment of its income for the taxation year 1972, wherein some 3300 shares of the Income Disability and Reinsurance Company of Canada

REASONS FOR JUDGMENT

The case at bar was heard at Montreal, Quebec on september 21, 1976.

The Assistant Chairman:—The above-mentioned corporation (hereinafter sometimes called the “appellant”) has appealed to the Tax Review Board from an assessment for tax for each of the 1973 and 1974 taxation years. The issue between the parties is, as I

The Assistant Chairman:—The issue in this appeal is whether the expenditures the appellant made of $500 in 1971 and $18,751.70 in 1972 were within the ambit of paragraph 12(1 )(a) of the Income Tax Act before tax reform

The Chairman:—This is the appeal of Lebern Jewellery Co Ltd from income tax assessments in respect of the 1971, 1972 and 1973 taxation years.

A J Frost:—This is an appeal from a notice of reassessment dated February 21, 1975 with respect to the appellant’s 1973 taxation year and from a notification of the Minister wherein he confirmed the said assessment on the ground that

The Chairman:—This is an appeal of Gerald C Shangraw from an income tax assessment in respect of the 1973 taxation year.

The Chairman:—This is the appeal of Ronald Rooke from an income tax assessment in respect of the 1971 taxation year.