United States Board of Tax Appeals May 16, 1934, Docket Nos. 55570, 63753, 70639. (Fairmount Cemetery Asso. v. Commissioner)

lead-opinion

*743OPINION.

Lansdon:

The petitioner acquired 560 acres of land in 1890, at a cost per acre not disclosed by the record. Carved out of such land it sold certain cemetery lots in 1927, 1928, 1929, and 1930 for amounts which the respondent has determined resulted in large profits.