Metropolitan Sec. Corp. v. Commissioner

METROPOLITAN SECURITIES CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Metropolitan Sec. Corp. v. Commissioner

Docket No. 27956.

United States Board of Tax Appeals

19 B.T.A. 299; 1930 BTA LEXIS 2428;

March 18, 1930, Promulgated

The petitioner held not liable for the taxes due from the Union Finance Co. for the years 1921 and 1922.

H. A. Hauxhurst, Esq., for the petitioner.

J. A. Lyons, Esq. and J. E. Mather, Esq., for the respondent.

MARQUETTE

This proceeding is for the determination of liabilities in income and profits taxes asserted by the respondent against the petitioner…