United States Court of Claims November 5, 1934, No. M-84 (Karaghensian v. United States)

LITTLETON, Judge.

The controversy in this case relates to the taxability of $69,893.95, being the amount of withdrawals by plaintiff from the business which first existed as a partnership but which was later incorporated, effective January 1, 1921, under section 229 of the Revenue Act of 1921 (42 Stat. 252).