STANTON v. COMMISSIONER OF INTERNAL REVENUE

No. 6060.

98 F.2d 739 (1938)

STANTON et al. v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

July 28, 1938.


Attorney(s) appearing for the Case

Herbert Pope and Benjamin M. Price, both of Chicago, Ill., for petitioners.

James W. Morris, Asst. Atty. Gen., and Sewall Key and Warren F. Wattles, Sp. Assts. to Atty. Gen., for respondent.

Before SPARKS and TREANOR, Circuit Judges, and LINDLEY, District Judge.


SPARKS, Circuit Judge.

This petition for review of a decision of the Board of Tax Appeals raises the question of the year in which a gain was realized from the exchange of certain securities by petitioners' decedent. The Board found that the exchange took place in 1924 rather than in 1923 as claimed by petitioners, hence the transaction must be taxed according to the law in effect for the year 1924. Petitioners are the executors of the estate of the taxpayer, George...

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