United States Board of Tax Appeals July 13, 1934, Docket No. 41136. (Dolese & Shepherd Co. v. Commissioner)

lead-opinion

OPINION.

Smith :

This proceeding is for the redetennination of a proposed deficiency in income tax for 1924 in the amount of $31,552.40. The petitioner alleges that the respondent has erroneously held that it was an association taxable as a corporation in 1924 and that it realized a taxable gain upon the sale of certain property in that year.