Cappellini v. Commissioner

OPINION.

Aeundell:

These are causes involving the liability under section 280 of the Revenue Act of 1926, of the transferees of the assets of the Masontown. Coal Co., a corporation. Under date of January 15, 1929, the Board entered an interlocutory decision in these proceedings, which left open the question of the extent of the liability of the petitioners. Thereafter, briefs on this question were filed by the parties and oral arguments were heard. Since the briefs were *803filed and arguments heard, the Board has decided in Grand Rapids Rationed Bank, 15 B. T. A. 1166, and Annie G. Phillips et…