Andrews v. Commissioner
United States Board of Tax Appeals
1. Value of certain property determined. 2. Respondent's action in including among the assets of the estate a certain note at a value of $35,000, plus accumulated interest, sustained.
1Opinion of the Court
*653OPINION.
Abxj ndell :
In support of their claim for a lower valuation on the 6 per cent mortgage bonds of the Madison Avenue Offices, Inc., the petitioners presented the oral testimony of two witnesses with considerable experience in the appraisal of stocks and bonds, and also, by agreement of counsel for the parties, introduced into the record the affidavits of the president of the Madison Avenue Offices, Inc., and an experienced bond salesman. The witnesses testified to values ranging from $35,000 to $66,000. One of the deponents expressed the opinion that $80,000 represented a fair value for…
2Cases cited4 opinions
- Beaver v. . BeaverNew York Court of Appeals · 1889
- In Re the Accounting of Van AlstyneNew York Court of Appeals · 1913
- Allen-West Commission Co. v. GrumblesCourt of Appeals for the Eighth Circuit · 1904
- Yancey v. FieldSupreme Court of Virginia · 1889
3Cited by18 opinions
- Chiu v. CommissionerUnited States Tax Court · 1985
- Security First Nat'l Bank v. CommissionerUnited States Board of Tax Appeals · 1933
- Hunter v. CommissionerUnited States Tax Court · 1986
- Estate of Scull v. CommissionerUnited States Tax Court · 1994
- Tripp v. CommissionerUnited States Tax Court · 1963
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