Hentz v. Commissioner

Board of Tax Appeals

Hentz v. Commissioner

21 B.T.A. 1086, 1931 BTA LEXIS 2256

CourtUnited States Board of Tax Appeals

DecidedJanuary 8, 1931

DocketDocket No. 41597.

StatusPublished

Cited by1 cases

This text of 21 B.T.A. 1086 (Hentz v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Hentz v. Commissioner, 21 B.T.A. 1086, 1931 BTA LEXIS 2256 (bta 1931).

Pincite

Opinion

OPINION.

Marquette :

The record in this proceeding presents a single issue of fact, namely, What was the fair market value on March 1, 19Í3, of the tract of land described in the findings of fact? The petitioner contends that the value was at least $42,000 on that date, and the respondent contends that it was not more than $21,000. The evidence consists of the testimony of eight witnesses, and several exhibits, which it is neither practicable nor necessary to set forth in detail. It establishes to our satisfaction that the land under consideration had a fair market value of at least $500 per acre, or $42,000, on March 1, 1913, and that the respondent erred in his determination that the petitioner realized a profit from the sale.

Judgment will be entered u/nder Bule SO.

Free access — add to your briefcase to read the full text and ask questions with AI

OPINION.

Marquette :

The record in this proceeding presents a single issue of fact, namely, What was the fair market value on March 1, 19Í3, of the tract of land described in the findings of fact? The petitioner contends that the value was at least $42,000 on that date, and the respondent contends that it was not more than $21,000. The evidence consists of the testimony of eight witnesses, and several exhibits, which it is neither practicable nor necessary to set forth in detail. It establishes to our satisfaction that the land under consideration had a fair market value of at least $500 per acre, or $42,000, on March 1, 1913, and that the respondent erred in his determination that the petitioner realized a profit from the sale.

Judgment will be entered u/nder Bule SO.

Cite This Page — Counsel Stack

Bluebook (online)

21 B.T.A. 1086, 1931 BTA LEXIS 2256, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hentz-v-commissioner-bta-1931.

Opinion

Related

Cite This Page — Counsel Stack