15 B.T.A. 320 | B.T.A. | 1929
Lead Opinion
The evidence in this case convinces us that at the time petitioner accepted the stock of its debtor in part payment of its debt, the stock was worthless. It took the stock only because by
The principle of the issue as to the statute of limitations and the validity of the waiver of November 21, 1925, was decided adversely to petitioner’s contention in Worumbo Mfg. Co., 13 B. T. A. 883.
Judgment loill be entered under Bule 50.