SCOTTWOOD DEVELOPMENT COMPANY v. COMMISSIONER

Docket No. 454-66.

26 T.C.M. 855 (1967)

T.C. Memo. 1967-175

Scottwood Development Company v. Commissioner.

United States Tax Court.

Filed August 28, 1967.


Attorney(s) appearing for the Case

George V. Fisher, 297 S. High St., Columbus, Ohio, for the petitioner. Conley G. Wilkerson, for the respondent.


Memorandum Findings of Fact and Opinion

TANNENWALD, Judge:

Respondent determined a deficiency in petitioner's income tax for the fiscal year ended March 31, 1963 in the amount of $9,745.

Only one issue is presented for decision: Is petitioner entitled to capital gain on the sale of 47 houses to one buyer?

Findings of Fact

Some of the facts are stipulated and are found accordingly.

Petitioner is an Ohio corporation and had...

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