Case Name: Simon L. Steefel, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-10-31
Citations: 8 B.T.A. 1111
Docket Number: Docket No. 18708
Parties: Simon L. Steefel, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: Considered by MaRquette, Phillips, and Milliken.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 8
Pages: 1111–1112

Head Matter:
Simon L. Steefel, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 18708.
Promulgated October 31, 1927.
Kendall B. Castle, Esq., for the petitioner.
Joseph K. Moyer, Esq., for the respondent.

Opinion:
opinion.
Van Fossan :
This proceeding is submitted upon the pleadings and stipulation filed, the sole iss'ue for decision being whether or not the petitioner is entitled to a 25 per cent reduction under sections 1200 and 1201 of the Revenue Act of 1924 in the tax due at 1923 rates on that portion of said partnership profits distributable to the petitioner on January 31, 1924, and reported by the petitioner in his income-tax return for the calendar year 1924.
The facts, in all essential respects, and the question involved in this case are identical with those considered in Appeal of Charles Colip, 5 B. T. A. 123, and upon the authority of that decision.
Judgment will be entered for the respondent.
Considered by MaRquette, Phillips, and Milliken.