# Paine v. Commissioner > United States Board of Tax Appeals · February 25, 1938 · 37 B.T.A. 427 URL: https://www.frixlaw.com/law-library/cases/4496672 ## Case - **Full name:** FRANK C. PAINE, v. COMMISSIONER OF INTERNAL REVENUE - **Court:** United States Board of Tax Appeals - **Decided:** February 25, 1938 - **Citations:** 37 B.T.A. 427; 1938 BTA LEXIS 1040 - **Precedential status:** Published - **Opinion:** Concurrence by Murdock - **Judges:** Foss, Murdock, Disney - **Cited by:** 0 later opinions in the Frix Law Library ## Citator (automated) - No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases. - Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4496672 ## Opinion text Murdock, concurring: I think that Paine entered into the transaction for profit. The profit which he expected was to come from enhanced reputation in his business as a naval architect rather than from dividends or increased value of the stock. However, the record does not show that loss resulted from the expenditure, viewed as that kind of a transaction. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4496672. Public record. Not legal advice.