United States Board of Tax Appeals March 17, 1936, Docket Nos. 64761, 66836. (National Bank of Commerce v. Commissioner)

lead-opinion

*120OPINION.

McMahon:

These proceedings, duly consolidated for hearing and decision, are for the redetermination of deficiencies in income taxes in the amounts of $935.34 and $366.18 for the years 1929 and 1930, respectively.

Under date of March 24, 1906, the Trustee Co., a Washington corporation, of Seattle, Washington, entered into a “Deed of Trust” with the Washington Trust Co.