Cass v. Commissioner
United States Board of Tax Appeals
Respondent disallowed a deduction for loss on sale of stock on the ground of worthlessness of the stock prior to the year of sale. Held, the evidence is insufficient to overcome the presumptive correctness of respondent's determination and the disallowance of the claimed deduction is sustained.
1Opinion of the Court
CLAUDE D. CASS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Cass v. Commissioner
Docket No. 75521.
United States Board of Tax Appeals
32 B.T.A. 713; 1935 BTA LEXIS 904;
June 7, 1935, Promulgated
Respondent disallowed a deduction for loss on sale of stock on the ground of worthlessness of the stock prior to the year of sale. Held, the evidence is insufficient to overcome the presumptive correctness of respondent's determination and the disallowance of the claimed deduction is sustained.
John E. McClure, Esq., for the petitioner.
T. G. Histon, Esq., for the respondent.
ARUNDELL
The…
2Cases cited1 opinion
- Cass v. CommissionerUnited States Board of Tax Appeals · 1935