C. W. Titus, Inc. v. Commissioner

C. W. TITUS, INCORPORATED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

C. W. Titus, Inc. v. Commissioner

Docket No. 42268.

United States Board of Tax Appeals

33 B.T.A. 928; 1936 BTA LEXIS 805;

January 17, 1936, Promulgated

W. Leo Austin, Esq., and L. E. Cahill, Esq., for the petitioner.

R. P. Hertzog, Esq., for the respondent.

TRAMMELL

SUPPLEMENTAL OPINION.

TRAMMELL: This case has been reconsidered in so far as it relates to the taxable gain for 1926 derived from the sale of oil and gas leases in that year. After reconsideration we think that we were in error.

The petitioner entered…