Case Name: Paul R. 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. 916
Docket Number: Docket No. 11007
Parties: Paul R. Gray, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: Before Sterni-iagen, Marquette, and Yan Fossan.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 12
Pages: 916–935

Head Matter:
Paul R. Gray, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 11007.
Promulgated June 28, 1928.
Josef h E. Davies, Esq., John W. Davis, Esq., Arthur J. Lacy, Esq., Clarence E. Wilcox, Esq., Franlclin D. Jones, Esq., Sidney T. Miller, Esq., Herbert Poye, Esq., E. Ban'ett Prettyman, Esq., Lewis H. Paddock, Esq., Raymond LI. Barry, Esq., Montgomery B. Angelí, Esq., Luman W. Goodenough, ílsq., and Russell A. McNair, Esq., for the petitioner.
A. W. Gregg, Esq., W. Hall Trigg, Esq., Floyd F. Toomey, Esq., E. C. Lake, Esq., J. F. Greaney, Esq., for the respondent.
Before Sterni-iagen, Marquette, and Yan Fossan.

Opinion:
OPINION.
Van Fossan:
The issues, and in all essential respects, the facts in this case, are identical with those presented in James Couzens, 11 B. T. A. 1040. The considerations which lead us to the conclusions announced in that decision apply with equal force and are controlling in the present case.
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.