United States Board of Tax Appeals December 31, 1937, Docket Nos. 82574, 83820, 84125, 84126 (Estate of Grant v. Commissioner)

*1242OPINION.

Mellott :

It has been found as a fact that Behoteguy was justified in concluding, in 1933, that 40 percent of the amount which he had on deposit in the bank when it was closed was the maximum amount which he might reasonably expect to recover. The evidence clearly justifies such finding. As pointed out in American Fork & Hoe Co., 33 B. T. A.