United States Board of Tax Appeals December 6, 1932, Docket No. 55299. (Gregory v. Commissioner)

lead-opinion

OPINION.

Steenhagen :

The respondent determined a deficiency of $10,678.16 in the petitioner’s income tax for 1928, all of which is assailed by the petitioner on the ground that the respondent has erroneously treated $133,333.38 as a dividend from the United Mortgage Corporation.