J. C. Nichols Realty Co. v. Commissioner

Board of Tax Appeals

J. C. Nichols Realty Co. v. Commissioner

20 B.T.A. 402, 1930 BTA LEXIS 2130

United States Board of Tax Appeals·Decided July 30, 1930·No. Docket No. 30160.·Published·Cited by 1 cases

Opinion

[404] OPINION.

Lansdon:

This case raises the same questions as in J. C. Nichols Realty Co., 20 B. T. A. 398, decided this day; and, except for figures, the stipulated facts are the same in both cases. Accordingly, it is held that the respondent properly included in income for 1922 the payments received in that year on account of installment sales of 1920 and 1921.

In accordance with respondent’s confession of error as to the other issue, the net income shown by the deficiency notice should be reduced by the sum of $2,454.89.

Judgment will be entered under Rule 50.

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[404] OPINION.

Lansdon:

This case raises the same questions as in J. C. Nichols Realty Co., 20 B. T. A. 398, decided this day; and, except for figures, the stipulated facts are the same in both cases. Accordingly, it is held that the respondent properly included in income for 1922 the payments received in that year on account of installment sales of 1920 and 1921.

In accordance with respondent’s confession of error as to the other issue, the net income shown by the deficiency notice should be reduced by the sum of $2,454.89.

Judgment will be entered under Rule 50.

J. C. Nichols Realty Co. v. Commissioner, 20 B.T.A. 402, 1930 BTA LEXIS 2130 (bta 1930).

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Opinion

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