Case: J. C. Nichols Realty Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: J. C. Nichols Realty Co. v. Commissioner
Decision Date: 1930-07-30
Docket Number: Docket No. 30160
Citation: 20 B.T.A. 402
Volume: 20
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: J. C. Nichols Realty Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 402–404

Head Matter:
J. C. Nichols Realty Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 30160.
Promulgated July 30, 1930.
Perry W. Shrader, Esq., for the petitioner.
George S. Herr, Esq., for the respondent.

Opinion:
OPINION.
Lansdon:
This case raises the same questions as in J. C. Nichols Realty Co., 20 B. T. A. 398, decided this day; and, except for figures, the stipulated facts are the same in both cases. Accordingly, it is held that the respondent properly included in income for 1922 the payments received in that year on account of installment sales of 1920 and 1921.
In accordance with respondent's confession of error as to the other issue, the net income shown by the deficiency notice should be reduced by the sum of $2,454.89.
Judgment will be entered under Rule 50.