Hamill v. Commissioner
United States Board of Tax Appeals
A partnership engaged in handling commercial paper and securities in various ways, including the purchase of a relatively small amount of securities for resale, held, upon the evidence, not entitled to the use of an inventory as to such small part of its business.
1Opinion of the Court
ALFRED E. HAMILL, PETITIONER, ET AL., 1v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hamill v. Commissioner
Docket Nos. 71808-71810, 72923-72926.
United States Board of Tax Appeals
30 B.T.A. 955; 1934 BTA LEXIS 1242;
June 19, 1934, Promulgated
A partnership engaged in handling commercial paper and securities in various ways, including the purchase of a relatively small amount of securities for resale, held, upon the evidence, not entitled to the use of an inventory as to such small part of its business.
Addison S. Pratt, Esq., for the petitioners.
Lloyd W. Creason, Esq., for the respondent.
STERNHAG…
2Cases cited1 opinion
- Hamill v. CommissionerUnited States Board of Tax Appeals · 1934