RANKIN v. COMMISSIONER OF INTERNAL REVENUE

No. 6109.

84 F.2d 551 (1936)

RANKIN v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Third Circuit.

June 17, 1936.


Attorney(s) appearing for the Case

John W. Townsend, of Washington, D. C., for petitioner.

Berryman Green, Sp. Asst. to Atty. Gen., Robert H. Jackson, Asst. Atty. Gen., and Sewall Key, Sp. Asst. to Atty. Gen., for respondent.

Before BUFFINGTON and DAVIS, Circuit Judges, and DICKINSON, District Judge.


DICKINSON, District Judge.

This is a second review raising precisely the same question before raised. It concerns the proper assessment of income taxes and the propriety of the determination of a deficiency tax found by the Commissioner and the United States Board of Tax Appeals in the sum of $11,173.05 for the year 1928.

The question raised grows out of the finding of gain on the sale in 1928 of 1,300 shares of U. G. I. Company stock. Gains made through the...

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