ANDERSON, COLLECTOR OF INTERNAL REVENUE,
v.
WILSON ET AL.; AND WILSON ET AL. V. ANDERSON, COLLECTOR OF INTERNAL REVENUE

U.S. | 1932-11-21
Nos. 460; 461
287 U.S. 592 Supreme Court of the United States (1932) Positive Treatment
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  • …tial evidence that the loss claimed as a deduction occurred in 2927. O’Meara v. Commissioner (C. C. A. 10) 34 F.(2d) 390; Gloyd v. Commissioner (C. C. A. 8) 63 F.(2d) 649; Burnet v. Petroleum Exploration (C. C. A. 4) 61 F.(2d) 273, certiorari denied 287 U. S. 592, 53 S. Ct. 121, 77 L. Ed. 516. The Board found that the Investment Company had failed to establish that the stock of the Tampa Company was worthless in 1927, and sustained the determination of the Commissioner. This appeal presents two principal qu…

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