United States Board of Tax Appeals December 29, 1936, Docket Nos. 76657, 76658, 76659, 76660, 76661. (Mygatt v. Commissioner)

lead-opinion

OPINION.

Mukdook:

The Commissioner determined a deficiency in the income tax of each petitioner for the year 1929. Counsel have agreed that there will be no deficiencies if the partnership known as Richard Whitney & Co. was entitled to inventory its holdings of United Corporation common stock.

*231The petitioners were partners during 1929 in the partnership of Eichard Whitney & Co.