COMMISSIONER OF INTERNAL REVENUE v. Burdick

DICKINSON, District Judge.

The very full discussion of the legal merits of this cause returned with the order of the Board in redetermining the tax duo by the respondent’s decedent has made further extended discussion unnecessary except as the argument addressed to us by the experienced counsel for the Commissioner calls for consideration. Respondent's decedent was heavily interested in a corporation which for brevity we will call the Marf Company. He was was the owner of all the preferred stock of the company consisting of 600 shares of the nominal par value of $100 each. For this stock he…