United States Board of Tax Appeals January 26, 1926, Docket No. 691. (Cowell v. Commissioner)

lead-opinion

*433OPINION.

Moeris

: Two errors were alleged by the taxpayer in the determination as made by the Commissioner; first, that no consideration was given to appreciation' in the value of real estate between the date of acquisition and March 1, 1913, in determining the March 1, 1913, value of the stock; and, second, that cost instead of June, 1916, value was used as the basis for the