Case Name: Appeal of J. C. WILCOX
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-11-11
Citations: 2 B.T.A. 1292
Docket Number: Docket No. 4244
Parties: Appeal of J. C. WILCOX.
Judges: Before Littleton, Smith, and Tritssell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 2
Pages: 1292–1293

Head Matter:
Appeal of J. C. WILCOX.
Docket No. 4244.
Submitted September 14, 1925.
Decided November 11, 1925.
Robert G. Sjostrom and William S. Hammers, Esqs., for the taxpayer.
Benjamin H. Saunders and Bruce A. Lowe, Esqs., for .the Commissioner.
Before Littleton, Smith, and Tritssell.

Opinion:
OPINION.
Littleton:
The determination of the Commissioner must be approved for the reason that the Board has no evidence whatever upon which it can base any findings of fact. Taxpayer's petition contains the following allegation:
The determination of the tax contained in the said deficiency letter is based upon the following errors:
Undervaluation of certain lots as of March 1, 1913.
The facts upon which the taxpayer relies as to the basis of his appeal are as follows:
That the lots in question were actually worth at least $10,000.00, as of March 1, 1913.
The only evidence before the Board is the depositions of two alleged real estate experts, who estimated that at some time about March 1, 1913, the value of certain lots situated outside of the city limits of Miami, known as block 69, was approximately $10,000. We have no evidence that these lots belonged to the taxpayer, or, if they did, what he paid for them, or for what amount or when he sold them, or that the deficiency determined by the Commissioner was based in whole or in part upon a gain derived from the sale or other disposition of such lots or of any property belonging to the taxpayer, and we can not, therefore, determine the gain or loss. Appeal of Anniston City Land Co., 2 B. T. A. 526.