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4 B.T.A. 1202

Walz v. Commissioner

United States Board of Tax Appeals

Decided September 30, 1926

United States Board of Tax Appeals · decided 1926-09-30

Cited by 1 later decisions — most recently November 1950

Relies on Suhr v. Commissioner

Good law ✅— No negative treatment on recordhow we know

Decided 1926-09-30

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¶1OPINION.

Moeris :

¶2The taxpayer contends that the common stock of the Pure Oil Co. had a fair market value of $22.50 a share on March 1, 1913. He offered no evidence to support that value but called our attention to the decision of the United States District Court for the Western District of Pennsylvania in the case of Phillips v. United States, 12 Fed. (2d) 598, in which the court found that the March 1, 1913, value of that stock was $22.50 a share, He contends that that *1203decision renders the question of value of the Pure Oil Co. stock res adjudicata.

¶3The same question was raised and decided adversely to the taxpayer in the Appeal of Charles L. Suhr, 4 B. T. A. 1198, and for the reasons therein given we render

¶4Judgment for the Commissioner.

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