AYER v. BLAIR

No. 4627.

25 F.2d 534 (1928)

AYER v. BLAIR, Commissioner of Internal Revenue.

Court of Appeals of District of Columbia.

Decided April 2, 1928.


Attorney(s) appearing for the Case

J. C. Peacock and J. W. Townsend, both of Washington, D. C., for appellant.

L. L. Hight and J. W. Fisher, both of Washington, D. C., for appellee.

Before MARTIN, Chief Justice, ROBB, Associate Justice, and BLAND, Judge of the United States Court of Customs Appeals.


MARTIN, Chief Justice.

An appeal from a decision of the Board of Tax Appeals sustaining a redetermination entered by the Commissioner of Internal Revenue, holding appellant liable for a deficiency in income tax for the year 1920. The alleged deficiency is based upon a recomputation of the profit or loss in the sale by appellant in that year of 300 shares of stock of the First National Bank of Boston.

It appears that during the years 1914 to 1917, inclusive...

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