Rand Co. v. Commissioner

RAND COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

R. R. RAND, JR., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Rand Co. v. Commissioner

Docket Nos. 62226, 63111.

United States Board of Tax Appeals

29 B.T.A. 467; 1933 BTA LEXIS 939;

November 28, 1933, Promulgated

Leland W. Scott, Esq., for the petitioner.

T. M. Mather, Esq., and J. A. Lyons, Esq., for the respondent.

GOODRICH

OPINION.

GOODRICH: Again we are called upon to determine whether transactions disposing of depreciated securities constituted valid and bona fide sales so that the losses registered may…