United States Board of Tax Appeals June 9, 1925, Docket No. 1492. (Langer v. Commissioner)

lead-opinion

This appeal is from a deficiency in income taxes in the amount of $2,024.82, for the calendar year 1921. The deficiency resulted from the action of the Commissioner in decreasing the March 1, 1913, value of the capital stock of the Fargo Mercantile Co. which was sold by this taxpayer during the year 1921.