TRUST NO. 5522 AND TRUST NO. 5644, ETC. v. COM'R OF INT. REV.

No. 7513.

83 F.2d 801 (1936)

TRUST NO. 5522 AND TRUST NO. 5644, BELLEHURST SYNDICATE et al. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Ninth Circuit.

May 14, 1936.


Attorney(s) appearing for the Case

M. F. Mitchell and George G. Witter, both of Los Angeles, Cal., for appellant.

Frank J. Wideman, Asst. Atty. Gen., and James W. Morris, Joseph M. Jones, and John P. Jackson, Sp. Assts. to Atty. Gen., for appellee.

Before WILBUR, GARRECHT, and DENMAN, Circuit Judges.


DENMAN, Circuit Judge.

Petitioner taxpayer is a trust which, on March 4, 1923, purchased a large tract of land in the city of Glendale, Los Angeles county, Cal. The declaration of trust provided for the creation and management of a subdivision project and the sale of lots in this tract. It was taxed on its income as an association resembling a corporation.

Its petition here seeks review of the decision of the Board of Tax Appeals, claiming error in sustaining...

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