United States Board of Tax Appeals April 2, 1937, Docket No. 78916. (Huntington v. Commissioner)

lead-opinion

*837OPINION.

Mellott:

Petitioner apparently concedes that the portion of the winnings actually received by him constituted gross income to him, when received. Even in the absence of any such concession by him it would be so held; for such amount was clearly “gains or profits and income” within the purview of section 22 of the Revenue Act of 1932.