WELLS FARGO BANK & UNION TRUST CO. v. BLAIR

Nos. 4636, 4637.

26 F.2d 532 (1928)

WELLS FARGO BANK & UNION TRUST CO. et al. v. BLAIR, Commissioner of Internal Revenue. GOLLOBER v. SAME.

Court of Appeals of District of Columbia.

Decided May 7, 1928.


Attorney(s) appearing for the Case

W. W. Spalding and C. R. McAtee, both of Washington, D. C., for appellants.

Mabel W. Willebrandt, Asst. Atty. Gen., and L. L. Hight, C. M. Charest, and A. W. Henderson, all of Washington, D. C., for appellee.

Before MARTIN, Chief Justice, and ROBB and VAN ORSDEL, Associate Justices.


VAN ORSDEL, Associate Justice.

This appeal is from a decision of the United States Board of Tax Appeals in proceedings for the redetermination of deficiencies in income tax of the respective petitioners for the year 1920.

The Irving Gollober-Joseph Corporation was a California corporation with a capital stock of $50,000, of which Julius Gollober owned 2,448 of the 5,000 shares; Joseph Joseph, 1,400 shares; Irving Gollober, 1,050 shares and G. Rosencrantz and...

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