Reports of the U.S. Board of Tax Appeals, Volume 24U.S. Government Printing Office, 1932 - Taxation |
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Page 9
United States. Board of Tax Appeals. OPINION . LANSDON : This appeal is companion to the case of Frank W. Elliott v . Commissioner , decided by us this date , to which reference is made for a more complete discussion of the ... OPINION. ...
United States. Board of Tax Appeals. OPINION . LANSDON : This appeal is companion to the case of Frank W. Elliott v . Commissioner , decided by us this date , to which reference is made for a more complete discussion of the ... OPINION. ...
Page 13
... opinion in that case . 1SEc . 202. ( a ) That the basis for ascertaining the gain derived or loss sustained from a sale or other disposition of property , real , personal , or mixed , acquired after February 28 , 1913 , shall be the ...
... opinion in that case . 1SEc . 202. ( a ) That the basis for ascertaining the gain derived or loss sustained from a sale or other disposition of property , real , personal , or mixed , acquired after February 28 , 1913 , shall be the ...
Page 28
... opinion evidence offered is entitled to weight and must be given consideration , we are not concluded thereby . Boggs & Buhl v . Commissioner , 34 Fed . ( 2d ) 859. The opinion as to value is based on a consideration of assets behind ...
... opinion evidence offered is entitled to weight and must be given consideration , we are not concluded thereby . Boggs & Buhl v . Commissioner , 34 Fed . ( 2d ) 859. The opinion as to value is based on a consideration of assets behind ...
Page 29
... opinion evidence . With due allowance for the number of shares involved , we are of the opinion that the fair market value of the 12,000 shares of Fensland Oil Company stock at the basic date was $ 8 per share . The parties are in ...
... opinion evidence . With due allowance for the number of shares involved , we are of the opinion that the fair market value of the 12,000 shares of Fensland Oil Company stock at the basic date was $ 8 per share . The parties are in ...
Page 41
... opinion the leases had a value at March 1 , 1913 , of from $ 250,000 to $ 300,000 . The two experts called by the respondent testified that the leases had no value , or , at most , a value of $ 50,000 at March 1 , 1913. The sale of two ...
... opinion the leases had a value at March 1 , 1913 , of from $ 250,000 to $ 300,000 . The two experts called by the respondent testified that the leases had no value , or , at most , a value of $ 50,000 at March 1 , 1913. The sale of two ...
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acquired agreed agreement alleged allowed Amalgamated Sugar Company amount assessment assets basis beneficiaries Board bonds capital stock cash cent Centaur Company claimed COMMISSIONER OF INTERNAL common stock computing contract corporation cost Court death debts decedent December 31 deduction depletion depreciation determined disallowed distribution dividends Docket Executors expenses February 28 filed FINDINGS OF FACT follows gifts inter vivos gross income held included income tax income-tax return interest INTERNAL REVENUE inventory invested capital issue January June 30 lease lessee lessor liability Loew's Incorporated loss Lumber March ment net income operating opinion paid par value parties partnership payment period peti petitioner petitioner contends petitioner's preferred stock prior proceeding profits purchase Railroad real estate received respect respondent respondent's Revenue Act Robert Pitman Rule 50 shares sold statute stipulated stockholders supra surplus taxable income taxpayer thereof thereto tion tioner transfer trust wife