Miller v. Commissioner

AUGUSTUS N. HAND,

Circuit Judge.

This appeal is from a decision of the United States Board of Tax Appeals. It concerns a deficiency adjudged to exist in the income tax of the petitioner William W. Miller for the year 1929 arising out of a sale of 500 shares of common stock of Otis Elevator Company, and the dispute is over the proper identification of 300 of these shares, all 500 of which were sold from lots purchased at various times and various prices. The question before us is whether the 300 shares of stock might be identified for income tax purposes by oral and written instructions given by…