United States Board of Tax Appeals January 18, 1932, Docket No. 32458. (Black Diamond Coal Co. v. Commissioner)

lead-opinion

*217OPINION.

Marquette :

One of the questions presented in this proceeding is whether the respondent erred in his determination of the amount of profit derived from the sale of certain coal properties in 1925. That determination was based upon an erroneous estimate of the amount of recoverable coal remaining in the land sold.