United States Board of Tax Appeals March 25, 1936, Docket No. 54899 (Rhodes v. Commissioner)

*216OPINION.

Turner:

Petitioner contends that the respondent erred in determining that a portion of the withdrawals made by him during the taxable year from the Rhodes-Jennings Furniture Co. constituted dividends instead of loans. He urges that the circumstances under which the withdrawals were made and the manner in which they were treated by him and the corporation sustain his contention.