Davis v. United States

This appeal by the taxpayer from the judgment of the district court dismissing his action brought to recover federal income taxes alleged to have been erroneously and illegally assessed and collected came on to be heard upon the record and upon the briefs and oral arguments of the attorneys for the parties;

And it appearing that, as found by the district court upon substantial evidence, appellant informally gave his twenty-one-year-old daughter a one-tenth interest in his individually owned business, which rested upon the ownership of a tugboat and barges and was operated under the name…