1927 BTA LEXIS 2502 | B.T.A. | 1927
Lead Opinion
OPINION.
The sole question here involved for determination is whether the petitioner was the owner of a one-fourth interest in the Lucas Coal Co., a partnership, or whether he owned a one-eighth interest, as contended by petitioner.
It was alleged in the petition and admitted in the answer that the Commissioner erroneously excluded from income of the petitioner T'rf per cent of the net profits of the Kelley Brothers Coal Co. for 1920. This error should be corrected in the recomputation.
Decision will be entered accordingly on 15 days’ notice, under Rule 50.