Legal Opinion
De Blois v. Commissioner of Internal Revenue
Court of Appeals for the First Circuit
Decided November 22, 1929No. 2346PublishedCited by 7 opinions
1Opinion of the Court
AlNDERSON, Circuit Judge.
This is a petition for review of a decision by the United States Board of Tax Appeals, sustaining the Commissioner of Internal Revenue in holding the estate of David Sears, of which the petitioners are executors, liable to an additional tax of $15,216.09 for 1920. The question involved is the right to a deduction of $26,297.10, claimed as a loss sustained in 1920 in connection with Mr. Sears’ purchase of 366 shares of the preferred stock ($100 par) of the Massachusetts Electric Compagines at a cost of $29,224.12, having a market value on March 1, 1913, of $27,816. An…
2Cases cited5 opinions
- United States v. PhellisSupreme Court of the United States · 1921
- Weiss v. StearnSupreme Court of the United States · 1924
- Marr v. United StatesSupreme Court of the United States · 1925
- Cullinan v. Walker, Collector of Internal RevenueSupreme Court of the United States · 1923
- Rockefeller v. United StatesSupreme Court of the United States · 1921
3Cited by7 opinions
- C. H. Mead Coal Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1934
- Commissioner of Internal Revenue v. Newberry Lumber & Chemical Co.Court of Appeals for the Sixth Circuit · 1938
- Helvering v. New President CorporationCourt of Appeals for the Eighth Circuit · 1941
- Securities Co. v. CommissionerCourt of Appeals for the Second Circuit · 1933
- United States v. Galveston-Houston Electric Co.Court of Appeals for the First Circuit · 1936
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