2 T.C. 980 (1943), 109663, Hobby v. C. I. R.

Citation: 2 T.C. 980

Opinion Judge: STERNHAGEN, Judge:

Party Name: W. P. HOBBY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Attorney: James H. Yeatman, Esq., H. I. Wilhelm, C.P.A., and J. A. Phillips, C.P.A., for the petitioner. Homer J. Fisher, Esq., and James L. Backstrom, Esq., for the respondent.

Judge Panel: ARNOLD, J., dissenting: BLACK, J., dissenting: HILL, J., dissenting: HARRON, J., agrees with this dissent.

Case Date: November 15, 1943

Court: U.S. Tax Court