GROSS v. COMMISSIONER OF INTERNAL REVENUE

No. 6071.

92 F.2d 621 (1937)

GROSS v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied December 8, 1937.


Attorney(s) appearing for the Case

Arnold R. Baar, Arthur R. Foss, and KixMiller, Baar & Morris, all of Chicago, Ill., for petitioner.

George H. Zeutzius, of Washington, D. C., and James W. Morris, Asst. Atty. Gen., and Sewall Key and Maurice J. Mahoney, Sp. Assts. to the Atty. Gen., for respondent.

Before EVANS and MAJOR, Circuit Judges and LINDLEY, District Judge.


MAJOR, Circuit Judge.

This is a petition to review a decision of the Board of Tax Appeals sustaining the determination of respondent that 104 shares of the capital stock of the Unity Manufacturing Company received by petitioner as a part of his salary for 1928 had a fair market value of $10,400, which was its par value when received, and including the same in petitioner's gross income for the year 1928. The applicable law is not in dispute, and the only question raised...

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