Cole v. Helburn

DAWSON, District Judge.

This is a suit for a refund of income taxes claimed to have been illegally exacted of the plaintiff by the Commissioner for the year 1929. The material facts are as follows:

On July 25, 1929, the plaintiff bought, through a member of the New York Stock Exchange, eight hundred shares of the capital stock of Areturas Radio Corporation, paying therefor $32,320 in cash. On October 4, 1929, through the same brokers, he purchased one thousand shares of the capital stock of Earl Radio Corporation, paying therefor $7,000 in cash, the two purchases costing him a total of $39,320.…