United States Board of Tax Appeals August 2, 1927, Docket No. 8327 (Central Auto Market v. Commissioner)

*976OPINION.

Smith:

The record in the instant case presents the picture of a business enterprise passing through three phases of existence in less than two years. In the fall of 1919 it commenced doing business, and constituted the third unit of a group of three nonrelated business enterprises conducted by J. Levitt as sole proprietorships. On January 1, 1920, J.