Starrett v. Commissioner

4 B.T.A. 398, 1926 BTA LEXIS 2283
United States Board of Tax Appeals·Decided July 27, 1926·No. Docket No. 6567.·Published

Opinion

[399] OPINION.

ARuNdell

: For the reasons set forth in the Appeal of Walter T. Smith, this day decided, cmte, 397, we are satisfied that the value of the bonds of the Bowman Hotel Corporation, when received by petitioner in May, 1919, was not to exceed 50 per cent of the face value of the securities.

Order of redetermination will be entered on 15 days'1 notice, under Rule 50.

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Starrett v. Commissioner, 4 B.T.A. 398, 1926 BTA LEXIS 2283 (bta 1926).

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Related

Appeal of Starrett
4 B.T.A. 398 (Board of Tax Appeals, 1926)