Berg v. Commissioner

HENRY L. BERG AND ROSE BERG, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Berg v. Commissioner

Docket No. 7029.

United States Board of Tax Appeals

6 B.T.A. 1287; 1927 BTA LEXIS 3287;

May 11, 1927, Promulgated

Certain instruments herein construed and held to be oil and gas leases and not sales of capital assets within the meaning of section 206 of the Revenue Act of 1921.

P. J. O'Connor, Esq., for the petitioners.

J. E. Marshall, Esq., for the respondent.

LITTLETON

This proceeding involves the determination of a deficiency in income tax for the year 1922, in the amount of $10,655.82.…