Case Name: Milton M. Cohn, Executor, Estate of Oscar Mandel, Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-08-09
Citations: 7 B.T.A. 1064
Docket Number: Docket No. 1566
Parties: Milton M. Cohn, Executor, Estate of Oscar Mandel, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: Considered by Smith.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 7
Pages: 1064–1065

Head Matter:
Milton M. Cohn, Executor, Estate of Oscar Mandel, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 1566.
Promulgated August 9, 1927.
John M. Bullwan, Esq., for the petitioner.
Thomas P. Dudley, Jr., Esq., for the respondent.

Opinion:
OPINION.
Littleton :
The estate returned the interest of the decedent in the firm of Mandel and Schwarzman at a value of $177,500. The Commissioner determined the decedent's interest to have been of the value of $232,997.75 and, as a result, determined the deficiency here in controversy. The evidence submitted is insufficient to enable the Board to determine whether the Commissioner's determination of the value is erroneous. The estate claims that the value of the decedent's interest in the firm of Mandel and Schwarzman was not in excess of 75 per cent of the inventory of the business and some testimony was given to this effect. The record, however, contains no evidence as to the inventories of the business or as to the value of the inventory on March 9,1922, the date of the death of Oscar Mandel.
Judgment will he entered for the respondent.
Considered by Smith.