Updike v. Commissioner

Board of Tax Appeals

Updike v. Commissioner

22 B.T.A. 12, 1931 BTA LEXIS 2185

United States Board of Tax Appeals·Decided February 2, 1931·No. Docket No. 42404.·Published·Cited by 2 cases

Opinion

[13] OPINION.

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] OPINION.

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.

Updike v. Commissioner, 22 B.T.A. 12, 1931 BTA LEXIS 2185 (bta 1931).

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Opinion

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