Dulin v. Commissioner

SIMONS, Circuit Judge.

The three cases were heard and decided together by the Board of Tax Appeals, and present two questions, (1) whether a gift of corporation stoek was effected by the husband when he delivered the certificate to the corporation’s transfer officer with instructions to transfer the stock to his wife on the corporation’s books, though the certificate was not indorsed nor the transfer actually made until a later date; (2) whether in the case of taxpayers who kept no books, and reported income neither on the basis of a calendar year nor on any other twelve-month period…