Summary
In Greenleaf Textile Corp. v. Commissioner, 26 B.T.A. 737, affirmed 2 Cir., 65 F.2d 1017, Commissioner v. Abramson, 2 Cir., 124 F.2d 416, and Commissioner v. McCarthy, 7 Cir., 129 F.2d 84, the court found that the taxpayer had failed to prove the worthlessness of his property or any definite act of abandonment in the tax year so that a retention of title by the taxpayer assumed real importance.
Summary of this case from Helvering v. GordonOpinion
No. 389.
June 12, 1933.
Appeal from the United States Board of Tax Appeals.
On petition for review of decision of the United States Board of Tax Appeals.
Benjamin Mahler, of New York City, for plaintiff.
Sewall Key and Carlton Fox, Sp. Assts. to Atty. Gen. (C.M. Charest, Gen. Counsel, Bureau of Internal Revenue, and William E. Davis, Sp. Atty., Bureau of Internal Revenue, both of Washington, D.C., of counsel), for respondent.
Before MANTON, SWAN, and CHASE, Circuit Judges.
Decision affirmed.