McDERMOTT, Circuit Judge.
Coleman charged off $125,000 in his income tax return for 1930 as a loss resulting from an investment of that amount in the common stock of the Mountain Cross Granite Company. The Commissioner disallowed it and the Board of Tax Appeals affirmed on two grounds — one that Coleman's proof did not disclose that the stock became worthless during the taxable year, the other that there had been a reorganization as defined by section 112 ...
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