The Hub, Inc. v. Commissioner
United States Board of Tax Appeals
1. Value of leasehold determined. 2. An oral assignment of a leasehold interest in real estate is voidable, and not void, and where the parties have recognized the assignment as valid, it can not be attacked by a third party.
1Opinion of the Court
APPEAL OF THE HUB, INC.
The Hub, Inc. v. Commissioner
Docket Nos. 3553, 3554.
United States Board of Tax Appeals
3 B.T.A. 1259; 1926 BTA LEXIS 2425;
April 19, 1926, Decided Submitted October 11, 1925.
1. Value of leasehold determined.
2. An oral assignment of a leasehold interest in real estate is voidable, and not void, and where the parties have recognized the assignment as valid, it can not be attacked by a third party.
James W. Ewing, W. D. Jamieson, and Harry Friedman, Esqs., for the taxpayer.
Robert A. Littleton, Esq., for the Commissioner
PHILLIPS
Before GRAUPNER, TRAMMELL, and PHILLIPS.
Taxpayer…
2Cases cited1 opinion
- The Hub, Inc. v. CommissionerUnited States Board of Tax Appeals · 1926