Normac Investments Ltd. v. Minister of National Revenue, [1970] CTC 325, 70 DTC 6234

By services, 17 January, 2023
Is tax content
Tax Content (confirmed)
Citation
Citation name
[1970] CTC 325
Citation name
70 DTC 6234
Decision date
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
671022
Extra import data
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"field_full_style_of_cause": "Normac Investments Ltd. Appellant, and Minister of National Revenue, Respondent.",
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Style of cause
Normac Investments Ltd. v. Minister of National Revenue
Main text

Abbott, J. (orally for the Court) :—We are all in agreement with the conclusion reached by the learned trial judge that the profit in issue on this appeal was a gain made in carrying out a scheme for profit making and was income from a business within the meaning of the Income Tax Act. The appeal is dismissed with costs.