Galatis v. Commissioner
United States Board of Tax Appeals
1. Petitioner's income for the year 1919 arising from a sale and reacquisition of certain interests in a restaurant business, and the operations of that business determined. 2. The evidence shows that property owned in 1919 by petitioner's wife was her separate property and that the profit realized upon the sale was her separate income.
1Opinion of the Court
*217OPINION.
Littleton:
The record presents considerable difficulty in arriving at the net income resulting from the operation of the cafe for the *218year 1919. From all the evidence we conclude that the income for 1919 was $19,674.18, as set out in the findings of fact. The only criterion to be found in the record, other than that adopted by us, by which this income may be estimated, is the return of Julia Galatis to the effect that she received $7,882.28 as her share of the net income, and her testimony that she owned a one-fifth interest in the cafe. If this be true, the net income of all persons…
2Cases cited9 opinions
- Virginia-Carolina Chemical Co. v. FisherSupreme Court of Florida · 1909
- Garner v. BemisSupreme Court of Florida · 1921
- Booth v. LenoxSupreme Court of Florida · 1903
- De Graum, Aymar & Co. v. JonesSupreme Court of Florida · 1887
- Florida Citrus Exchange v. GrishamSupreme Court of Florida · 1913
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3Cited by3 opinions
- Kates v. CommissionerUnited States Tax Court · 1968
- Galatis v. CommissionerUnited States Board of Tax Appeals · 1927
- Willmore v. CommissionerUnited States Board of Tax Appeals · 1930