United States Board of Tax Appeals December 12, 1927, Docket Nos. 9654, 9655. (North American Service Co. v. Commissioner)

lead-opinion

*588OPINION.

Love:

We do not deem it necessary to enter into an extended discussion of the issue herein presented.

It is an established fact that for personal reasons A. E. Duncan, at the time of the organization of the Interstate Highways Service Co. did not want any stock issued in his name, and on account thereof 191 shares were issued to Mrs. F. I.