Van Hook v. Commissioner

Board of Tax Appeals

Van Hook v. Commissioner

8 B.T.A. 68, 1927 BTA LEXIS 2952

CourtUnited States Board of Tax Appeals

DecidedSeptember 15, 1927

DocketDocket Nos. 9358, 9359.

StatusPublished

Cited by1 cases

This text of 8 B.T.A. 68 (Van Hook 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

Van Hook v. Commissioner, 8 B.T.A. 68, 1927 BTA LEXIS 2952 (bta 1927).

Pincite

Opinion

[70]*70OPINION.

Lansdon:

The evidence is conclusive that the petitioner, Van Hook, purchased no stock from A. C. Steere Co., Inc.; that $25,000 was the purchase price of the stock which he acquired from A. C. Steere, and that he received no fee or compensation of any sort from A. C. Steere Co., Inc., in connection with the purchase of the Upper Harts Island Plantation, in which transaction he acted only for the Yourees. On this point the determination of the respondent is reversed.

At the hearing counsel for the petitioners waived their second contention and, therefore, the determination of the respondent that no loss was sustained by the petitioners on account of shrinkage in value in the taxable year of certain stocks is approved. No evidence was offered as to the deficiency for 1922, and the determination of the respondent for that year is approved.

Judgment will be entered on 15 days’ notice, u/nder Rule 50.

Considered by Sternhagen and Artjndell.

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