Court Opinion

ID: 9650610
Source: CourtListenerOpinion
Date Created: 2023-08-23 15:46:00.580961+00
Date Added: 2024-06-11T18:12:24.281889
License: Public Domain

*184On Petition for Rehearing.
PER CURIAM.
The petition for rehearing presents no point not already fully considered. The only point having any semblance of merit is that taxpayer should be charged only with the difference between,the amount received for the stock of the First Industrial Bankers and its cost; but a sufficient answer to this is that the point was not made before the Board of Tax Appeals or. in the petition for review, and there is no finding by the Board as to the cost of the stock. Having elected to try his case before the Board on the' theory that he received no income whatever as a result of the complicated transactions, set forth in the record, taxpayer should not be allowed to change his position on the hearing before this court.
Denied.