United States Board of Tax Appeals April 26, 1933, Docket Nos. 39019, 39020. (Alexander v. Commissioner)

lead-opinion

OPINION.

TRammell:

These proceedings, consolidated for hearing, are for the redetermination of the liability of the petitioners as transferees of the Saluda Lumber Company, under section 280 of the Revenue Act of 1926, in respect of deficiencies in income tax of said company for 1922 and 1923, in the amounts of $835.75, and $2,654.71, respectively.