Summary
involving as here, sale or rental real estate, an apartment building by one having extensive holdings and interests, who over a period of about 12 years had purchased properties worth $100,000 and sold properties worth $300,000 but, as here, was not a licensed real estate agent
Summary of this case from Weill v. Comm'r of Internal RevenueOpinion
No. 10903.
February 14, 1950.
Appeal from the United States District Court for the Western District of Tennessee; Marion Speed Boyd, Judge.
Snowden, Davis, Brown, McCloy Donelson, Memphis, Tenn., for appellant.
John Brown, Memphis, Tenn., Theron L. Caudle, Charles Oliphant, Washington, D.C., for appellee.
Before SIMONS, ALLEN and MILLER, Circuit Judges.
This appeal was heard upon the record, briefs and argument of respective counsel;
And the Court being of the opinion that the findings of fact by the District Judge are supported by the evidence and are not clearly erroneous, and that there is no error in his conclusions of law based thereon, 85 F. Supp. 838; Lazier v. United States, 8 Cir., 170 F.2d 521; Sic v. Commissioner, 8 Cir., 177 F.2d 469; Pettit v. Commissioner, 5 Cir., 175 F.2d 195; Baruch v. Commissioner, 11 T.C. 96, affirmed, 2 Cir., 178 F.2d 402.
It is ordered that the judgment of the District Court be and is affirmed.