COMMISSIONER OF INTERNAL REVENUE v. VAN VORST

No. 6723.

59 F.2d 677 (1932)

COMMISSIONER OF INTERNAL REVENUE v. VAN VORST.

Circuit Court of Appeals, Ninth Circuit.

June 24, 1932.


Attorney(s) appearing for the Case

G. A. Youngquist, Asst. Atty. Gen., and Sewall Key and Norman D. Keller, Sp. Asst. to the Atty. Gen. (C. M. Charest, Gen. Counsel, and John R. Gaskins, Sp. Atty., Bureau of Internal Revenue, both of Washington, D. C., of counsel), for petitioner.

Claude I. Parker, John B. Milliken, and George H. Koster, all of Los Angeles, Cal., and L. A. Luce, of Washington, D. C., for respondent.

Before WILBUR and SAWTELLE, Circuit Judges, and NORCROSS, District Judge.


NORCROSS, District Judge.

The Commissioner of Internal Revenue assessed a deficiency income tax for the year 1924, in the amount of $26,720, against the tax return of C. B. Van Vorst, deceased, by adjusting the return so as to include as income the sum of $100,000, representing the difference between the amount paid by the taxpayer to the C. B. Van Vorst Company, a corporation, for certain realty and the stipulated fair market value of the property at the time. The...

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