United States Board of Tax Appeals March 14, 1934, Docket No. 50248. (Dana v. Commissioner)

lead-opinion

*85OPINION.

Matthews:

With the exception of the fair market value of the new building, there is no controversy with respect to the material facts of this case, which are comparatively simple. The petitioner owned a building in the Boston suburb of Woburn, Massachusetts, which he leased in 1926 to the Eoss Stores, Inc., for 20 years.