C. L. GRANSDEN & CO. v. COMMISSIONER OF INTERNAL REV.

Nos. 8440, 8445.

117 F.2d 80 (1941)

C. L. GRANSDEN & CO. v. COMMISSIONER OF INTERNAL REVENUE. TUTTLE v. SAME.

Circuit Court of Appeals, Sixth Circuit.

January 8, 1941.


Attorney(s) appearing for the Case

Ward H. Peck, of Detroit, Mich., for petitioners.

S. Dee Hanson, Sp. Asst. to Atty. Gen., for respondent.

Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key and Howard D. Pack, Sp. Assts. to Atty. Gen., on the brief for respondent in No. 8440.

Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key, J. Louis Monarch, and S. Dee Hanson, Sp. Assts. to Atty. Gen., on the brief for respondent in No. 8445.

Before HICKS, SIMONS, and HAMILTON, Circuit Judges.


SIMONS, Circuit Judge.

It is agreed that both petitions to review orders of the Board of Tax Appeals, raise the identical question of law. A single opinion will, therefore, suffice.

In each case the petitioning taxpayer was the vendee of real estate in Michigan under a land contract calling for a down payment on the purchase price with the balance payable over a term of years in installments. Title to the real estate in each case, remained in the vendors,...

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