Commissioner v. Hill

This cause was heard upon the transcript of the record, briefs and argument of counsel, and it appearing that the questions sought to be presented in this action are controlled by the case of Helvering v. Hammel, 311 U.S. 504, 61 S.Ct. 368, 85 L.Ed. -, 131 A.L.R. 1481, decided January 6, 1941, adverse to the contention of the respondent, the order of the Board, 40 B.T.A. 376, must be reversed.

In our opinion the fact that respondent’s decedent executed a quitclaim deed conveying his right of redemption to the property sold at the sheriff’s foreclosure sale, subsequent to said sale, does not…