EBERLY v. COMMISSIONER

Docket No. 26459.

10 T.C.M. 1157 (1951)

Isaac C. Eberly v. Commissioner.

United States Tax Court.

Entered December 13, 1951.


Attorney(s) appearing for the Case

Sigmund H. Steinberg, Esq., 1528 Walnut St., Philadelphia, Pa., for the petitioner. William H. Best, Jr., Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The respondent determined a deficiency in income and victory tax for the year 1943 in the amount of $52,064.55. The year 1942 is also involved due to the Current Tax Payment Act of 1943.

The sole question before us is whether the sale by petitioner to a corporation of a portion of his stock in that corporation was made at such time and in such manner as to constitute a taxable...

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