United States Board of Tax Appeals February 20, 1935, Docket No. 68655. (California Sanitary Co. v. Commissioner)

lead-opinion

*124OPINION.

BlacK :

Under the tax laws of California both real and personal property are assessed to the persons by whom they are owned or claimed, or in whose possession or control they are, at twelve o’clock meridian of the first Monday in March. The Political Code of California, section 3628, reads as follows:

Seo. 3628.