Case: Nelson B. Updike, Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Updike v. Commissioner
Decision Date: 1931-02-02
Docket Number: Docket No. 42404
Citation: 22 B.T.A. 12
Volume: 22
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Nelson B. Updike, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 12–13

Head Matter:
Nelson B. Updike, Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 42404.
Promulgated February 2, 1931.
Richard S. Doyle, Esq., and Alfred G. Ellich, Esq., for the petitioner.
F. R. Shearer, Esq., and E. L. Gorbin, Esq., for the respondent.

Opinion:
OPINION.
SteRnhagen:
The only question is whether the evidence establishes that the transactions from which the $126,637.74 were derived were really those of the Bee Publishing Company, as petitioner contends, or of the petitioner, as respondent contends. We think it substantiates the view that the profits were those of the Publishing Company, and should be excluded from the gross income of petitioner.
Judgment will be entered under Bule 50.