Bair v. United States

Pek Curiam:

This is an action to recover the sum of $11,475.19, with interest from August 22, 1952, for income taxes paid for the year 1946.

Plaintiffs seek recovery here on the grounds that the Commissioner of Internal Revenue was erroneous in placing a valuation of $90,000 on two parcels of real estate received by the partnership of Goldsmith & Bair (in which plaintiff Hilbert L. Bair was a 50% partner), which real estate the partnership had received upon the dissolution of the Plilde-garde Realty Corporation in 1945. Plaintiffs allege that the correct value of this real estate should be…