United States Board of Tax Appeals July 22, 1930, Docket No. 31948. (Kirkland v. Commissioner)

lead-opinion

*311OPINION.

MoRRis:

Although the petition alleges two' errors, we have but one issue before us, namely, the amount of taxable profit derived by petitioner from the sale of Continental'Baking Corporation stock *312in 1925. No question of fact being presented, we have only to apply the relevant provisions of the taxing statute.

The Revenue Act of 1926 provides that:

Sec. 1200.