Court of Appeals for the Eighth Circuit October 16, 1941, No. 11901 (Citizens Nat. Bank v. Commissioner of Internal Revenue)

THOMAS, Circuit Judge.

This is a petition by a taxpayer to review a decision of the United States Board of Tax Appeals redetermining the petitioner’s income tax for the year 1936. 42 B.T.A. 539. The amount in controversy is $360. For its finding of facts the Board adopted a stipulation of facts entered into by the parties, a brief summary of the pertinent portion of which follows.