Adelaide Park Land v. Commissioner
United States Board of Tax Appeals
The petitioner trust, with beneficiaries, voluntarily associated to acquire, subdivide, improve and sell a parcel of real estate for gainful purposes, is an association taxable as a corporation under the provisions of the Revenue Acts of 1921 and 1924.
1Opinion of the Court
ADELAIDE PARK LAND, CHARLES D. FRANCIS AND FREDERICK W. ARMITAGE, TRUSTEES, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Adelaide Park Land v. Commissioner
Docket No. 39980.
United States Board of Tax Appeals
25 B.T.A. 211; 1932 BTA LEXIS 1562;
January 15, 1932, Promulgated
The petitioner trust, with beneficiaries, voluntarily associated to acquire, subdivide, improve and sell a parcel of real estate for gainful purposes, is an association taxable as a corporation under the provisions of the Revenue Acts of 1921 and 1924.
Joseph E. Peeler, Esq., for the petitioners.
Hartford Allen,…
2Cases cited1 opinion
- Adelaide Park Land v. CommissionerUnited States Board of Tax Appeals · 1932