United States Board of Tax Appeals May 25, 1939, Docket Nos. 87668, 90569, 90570. (Agricultural Sec. Corp. v. Commissioner)

lead-opinion

*1106OPINION.

Oppek :

The precise question to be decided has not previously come before us. Cases somewhat analogous have determined that profit from the disposition of Government bonds is taxable to a nonresident alien, even though the exemption of principal as well as interest was from “any and all taxation”, Hubert De Stuers, 26 B. T. A.