Sunburst Oil & Refining Co. v. Commissioner

*835OPINION.

Black:

ISTo evidence was introduced to sustain petitioner’s alleged errors numbered (f), (i) and (j). These relate to claimed deductions for donations of $145, interest added to income in the sum of $983.62, and improper application of net loss to the year 1926. The action of the respondent relative to these items is approved. We shall discuss petitioner’s remaining assignments of error in their order.(a) and (b). In his determination of the profit realized by the petitioner on the sale of certain oil and gas leases acquired by petitioner from the Stevenson Consolidated Oil Company in…