Opinion

Home Trust Co. v. Commissioner

21 B.T.A. 1255
1931 BTA LEXIS 2229

Court: United States Board of Tax Appeals
Filed: Jan 19, 1931
Status: Published
Author: Sternhagen
On the bench: Lansdon, Phillips, Only, Trammell, Sternhagen
Cited by: 2 cases

The opinion

SterNhageN,

dissenting: The petitioner bought stock in another corporation for $105,000, then advanced $75,000 to its subsidiary as a means of getting rid of the sublessee, and then dissolved the subsidiary. These are facts, each with its substantial legal significance ; and I can not agree that we may take the whole situation, ignore the clear facts, and say that the petitioner paid $180,000 for a 99-year lease.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.