Case Name: John M. Galvin, Administrator, Estate of A. A. Clark, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-04-29
Citations: 6 B.T.A. 1085
Docket Number: Docket No. 820
Parties: John M. Galvin, Administrator, Estate of A. A. Clark, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 6
Pages: 1085–1086

Head Matter:
John M. Galvin, Administrator, Estate of A. A. Clark, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 820.
Promulgated April 29, 1927.
Daniel T. Sullivan, Esq., for the petitioner.
John D. Foley, Esq., for the respondent.

Opinion:
OPINION.
Güeen :
The petitioner produced five witnesses, all men of the highest integrity, who had been familiar with the real estate in question for many years. Each of. these men testified unequivocally that the property in question had on March 1, 1913* a fair market value of $30,000. One witness was produced by the respondent. This witness placed the March 1, 1913, value at $22,500 but his testimony was far from convincing. Yfe are convinced that the property had on March 1, 1913, a fair market value of $30,000 and have so found.
Judgment will be entered after 15 days' notice, under Rule 50.