ROBB, Associate Justice.
Appeal from a decision by the Board of Tax Appeals involving income taxes for the
On July 10, 1916, appellant, located at Detroit, Mich., purchased Imperial Russian Government 6½ per cent. bonds, at par value of $40,000. On May 31, 1917, it purchased Imperial Russian Government 5½ per cent. bonds at par value of $11,000.
In March...
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