United States Board of Tax Appeals April 13, 1932, Docket Nos. 37406, 44759, 50490 (Moro Realty Holding Corp. v. Commissioner)

*1145OPINION.

Van Foss AN:

The question before us is whether or not petitioner was the real owner of a certain property known as the Lorrington Apartments and entitled to the benefits of ownership, or whether petitioner was merely a dummy corporation holding bare record title, the real ownership and all rights to the benefits being in a certain syndicate.