Crocker v. Commissioner of Corp. & Taxation

This is an appeal from a decision of the Board of Tax Appeals sustaining the action of the commissioner of corporations and taxation in refusing an abatement of the income tax assessed upon the appellant for 1930 based upon his income for 1929. The material facts *239are these: The appellant was the owner of six hundred fifty-nine shares of stock in a corporation. Of these, seventy-nine and thirteen twentieths shares were purchased during the years 1919 to 1928, inclusive, and the remainder, five hundred seventy-nine and seven twentieths shares, were received as stock dividends during the same…