United States Tax Court May 24, 1946, Docket No. 9004 (Wichita Terminal Elevator Co. v. Commissioner)

lead-opinion

OPINION.

Leecii, Judge:

Although petitioner asks redetermination of deficiencies in income and excess profits taxes for two years prior to the year in which the transaction here questioned took place, the parties are agreed that the sole question presented is whether the sale of the elevator properties was in fact made by petitioner and the gain so taxable, or by its stockholders and