Case Name: David Gray, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1928-06-28
Citations: 12 B.T.A. 956
Docket Number: Docket No. 11008
Parties: David Gray, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: BEFORE StERNHAGEN, MARQUETTE, AND Van FoSSAN.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 12
Pages: 956–974

Head Matter:
David Gray, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 11008.
Promulgated June 28, 1928.
Joseph, E. Davies, Esq., John W. Davis, Esq., Arthur J. Lacy, Esq., Olarence E. Wilcox, Esq., Franklin D. Jones, Esq., Sidney T. Miller, Esq., Herbert Pope, Esq., E. Barrett Prettyman, Esq., Lewis H. Paddock, Esq., Raymond H. Berry, Esq., Montgomery B. Angelí, Esq., Lvman W. Goodenough, Esq., Russell A. McNair, Esq., for the petitioner.
A. W. Gregg, Esq., W. Hall Trigg, Esq., Floyd F. Toomey, Esq., E. 0. Lake, Esq., J. F. Greaney, Esq., for the respondent.
BEFORE StERNHAGEN, MARQUETTE, AND Van FoSSAN.

Opinion:
OPINION.
Van Fossan:
The issues and, in large part, the facts are the same in this case as in James Couzens, 11 B. T. A. 1040. Our decision in that case is controlling here.
The fair market value on March 1, 1913, of the stock in the Ford Motor Co. owned by petitioner was $5,250,000, or at the rate of $10,000 per share.
Reviewed by the Board.
Judgment will be entered under Rule 50.
Smith, Morris, Arundell, and Milliken did not participate in the consideration or decision of this proceeding.