DUNBAR v. COMMISSIONER OF INTERNAL REVENUE

No. 7520.

119 F.2d 367 (1941)

DUNBAR v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

April 21, 1941.


Attorney(s) appearing for the Case

David O. Dunbar, of Chicago, Ill., for petitioner.

Samuel O. Clark, Jr., Asst. Atty. Gen., and J. P. Wenchel and Lee A. Jackson, Sp. Assts. to Atty. Gen., for respondent.

Before MAJOR and KERNER, Circuit Judges, and BRIGGLE, District Judge.


BRIGGLE, District Judge.

Petitioner appeals from an order of the Board of Tax Appeals, sustaining a finding of the Commissioner of Internal Revenue that petitioner had not established his right to a deduction from his income for the year 1935, claimed on account of an alleged loss of $6,615 by reason of the alleged worthlessness of certain shares of the capital stock of the California and Oregon Lumber Company.

The facts are not in dispute and disclose that...

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