Updike v. Commissioner

Board of Tax Appeals

Updike v. Commissioner

22 B.T.A. 12

CourtUnited States Board of Tax Appeals

DecidedFebruary 2, 1931

DocketDocket No. 42404

StatusPublished

This text of 22 B.T.A. 12 (Updike 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

Updike v. Commissioner, 22 B.T.A. 12 (bta 1931).

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Opinion

[13]*13OPINION.

SteRnhagen:

The only question is whether the evidence establishes that the transactions from which the $126,637.74 were derived were really those of the Bee Publishing Company, as petitioner contends, or of the petitioner, as respondent contends. We think it substantiates the view that the profits were those of the Publishing Company, and should be excluded from the gross income of petitioner.

Judgment will be entered under Bule 50.

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[13]*13OPINION.

SteRnhagen:

The only question is whether the evidence establishes that the transactions from which the $126,637.74 were derived were really those of the Bee Publishing Company, as petitioner contends, or of the petitioner, as respondent contends. We think it substantiates the view that the profits were those of the Publishing Company, and should be excluded from the gross income of petitioner.

Judgment will be entered under Bule 50.

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Bluebook (online)

22 B.T.A. 12, Counsel Stack Legal Research, https://law.counselstack.com/opinion/updike-v-commissioner-bta-1931.