De Maria v. Commissioner of Internal Revenue
89 F.2d 553, 19 A.F.T.R. (P-H) 400, 1937 U.S. App. LEXIS 3523
Opinion
The facts are the same as in Perata v. Commissioner (C.C.A.) 89 F.(2d) 550, except as follows:
(1) Petitioner contributed $195,000 to the syndicate and had a .1020208 per cent, interest therein.
(2) On December 20, 1928, petitioner’s distribution from the syndicate manager was $68,250.
(3) Respondent determined that petitioner’s share of the income of the syndicate for 1928 was $72,855.21, and the deficiency of tax was the sum of $25,963.55.
The Board found the deficiency to be $25,963.55.
The case is controlled by what we said in Perata v. Commissioner, this day decided. In accordance therewith, the order is reversed.
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De Maria v. Commissioner of Internal Revenue, 89 F.2d 553, 19 A.F.T.R. (P-H) 400, 1937 U.S. App. LEXIS 3523 (9th Cir. 1937).
89 F.2d 553 (De Maria v. Commissioner of Internal Revenue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Perata v. Commissioner of Internal Revenue
89 F.2d 550 (Ninth Circuit, 1937)