Old Colony Trust Co. v. Commissioner
United States Board of Tax Appeals
1. The Commissioner's determination that a contract to purchase stock had a readily realizable market value in the taxable year 1921, sustained. 2. Determination of the March 1, 1913, value of shares of stock of Commonwealth Shoe & Leather Co. sustained.
1Opinion of the Court
OLD COLONY TRUST CO., EXECUTOR, ESTATE OF CLARENCE D. REED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Old Colony Trust Co. v. Commissioner
Docket No. 6601.
United States Board of Tax Appeals
12 B.T.A. 1334; 1928 BTA LEXIS 3361;
July 13, 1928, Promulgated
1. The Commissioner's determination that a contract to purchase stock had a readily realizable market value in the taxable year 1921, sustained.
2. Determination of the March 1, 1913, value of shares of stock of Commonwealth Shoe & Leather Co. sustained.
Hervey W. King, Esq., for the petitioner.
Thomas P. Dudley, Jr., Esq., for the…
2Cases cited1 opinion
- Old Colony Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1928