Boscio v. Secretary of the Treasury

By deed No. 50 of July 1, 1938, executed before Notary Felipe Colón Díaz, there was constituted a special mercantile partnership known as Monitor y Boscio, Sucesores, S. en C., with a capital stock of $223,179.74, of which $176,185.96 corresponded to the only managing partner, Juan Luis Bos-cio. Four years later, on September 21, 1942, the appellant and his wife, Herminia Monitor, by public deed No. 73 executed before Notary Diego Guerrero Noble, transferred, *400with retroactive effect to July 1, to certain trusts constituted in favor of their children, three shares of $44,046.49 each, or a…