Perkins v. Commissioner

Board of Tax Appeals

Perkins v. Commissioner

6 B.T.A. 781, 1927 BTA LEXIS 3409

CourtUnited States Board of Tax Appeals

DecidedApril 11, 1927

DocketDocket No. 5152.

StatusPublished

Cited by1 cases

This text of 6 B.T.A. 781 (Perkins 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

Perkins v. Commissioner, 6 B.T.A. 781, 1927 BTA LEXIS 3409 (bta 1927).

Pincite

Opinion

[782]*782OPINION.

Trussell:

The selling price of petitioner’s brewery stock being ' less than the March 1, 1913, value, and less than its cost, which was also less than the 1913 value, the loss sustained is the difference between the cost and the selling price, namely, $5,000. McCaughn v. Ludington, 268 U. S. 106; 45 Sup. Ct. 423; 5 Am. Fed. Tax Rep. 5376.

Mathematical errors of computation, if they exist, will be corrected in the final settlement.

The deficiencies may be redetermined in accordance with the foregoing findings of fact and conclusions of law, upon 15 days' notice, pursuant to Rule 50, and judgment will be entered in due course.

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