Keeney v. Commissioner
United States Board of Tax Appeals
1. The petitioner is sustained in his contention that the gains here in question are capital net gains. 2. Held, that in accordance with his election, the tax thereon shall be levied at 12 1/2 per centum thereof under the provisions of section 206(b) of the Revenue Act of 1921.
1Opinion of the Court
ALBERT F. KEENEY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Keeney v. Commissioner
Docket No. 21916.
United States Board of Tax Appeals
17 B.T.A. 560; 1929 BTA LEXIS 2283;
September 26, 1929, Promulgated
1. The petitioner is sustained in his contention that the gains here in question are capital net gains.
2. Held, that in accordance with his election, the tax thereon shall be levied at 12 1/2 per centum thereof under the provisions of section 206(b) of the Revenue Act of 1921.
Paul E. Shorb, Esq., and Marion P. Wormhoudt, Esq., for the petitioner.
Byron M. Coon, Esq., for the…
2Cases cited2 opinions
- Atlantic Coast Realty Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- Keeney v. CommissionerUnited States Board of Tax Appeals · 1929