STIVER v. COMMISSIONER OF INTERNAL REVENUE

No. 10768.

90 F.2d 505 (1937)

STIVER v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Eighth Circuit.

June 23, 1937.


Attorney(s) appearing for the Case

A. F. Schaetzle and Wallace Mendelson, both of Des Moines, Iowa, for petitioner.

Louise Foster, Sp. Asst. to the Atty. Gen. (James W. Morris, Asst. Atty. Gen., and Sewall Key and Norman D. Keller, Special Assts. to the Atty. Gen., on the brief), for respondent.

Before STONE, SANBORN, and THOMAS, Circuit Judges.


SANBORN, Circuit Judge.

This is a petition to review a decision of the Board of Tax Appeals redetermining a deficiency in the income taxes of the petitioner for the year 1930, caused by the disallowance of a deduction of $26,904 claimed by the petitioner to represent a loss sustained by him in that year from the sale of his stock in the Somerset Oil Company and from the sale by that company of its entire assets.

There is no substantial controversy as to the...

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