Case: Jonas Bloom, Petitioner, v. Commissioner of Internal Revenue, Respondent; Jonas Bloom, Executor, Estate of David Bloom, Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Bloom v. Commissioner
Decision Date: 1930-09-23
Docket Number: Docket Nos. 35159, 35160
Citation: 20 B.T.A. 933
Volume: 20
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Jonas Bloom, Petitioner, v. Commissioner of Internal Revenue, Respondent. Jonas Bloom, Executor, Estate of David Bloom, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 933–934

Head Matter:
Jonas Bloom, Petitioner, v. Commissioner of Internal Revenue, Respondent. Jonas Bloom, Executor, Estate of David Bloom, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket Nos. 35159, 35160.
Promulgated September 23, 1930.
Herman Phleger, Esq., for the petitioner.
John E. Marshall, Esq., and Frank T. Horner, Esq., for the respondent.

Opinion:
OPINION.
Marquette :
The issues raised herein must be resolved in favor of the petitioner. The evidence establishes to our satisfaction that Benjamin Bloom was a partner in the firm of David Bloom & Co., and that the amount of $228,362.82 received by him upon the dissolution of the firm was his distributive share in the firm assets and not a gift from his uncles, Jonas Bloom and David Bloom, or either of them. It follows that the respondent erred in asserting against Jonas Bloom and David Bloom the taxes in controversy.
Judgment will be entered for the petitioner.