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U.S. Court of Appeals for the Third Circuit, 1941

Lindabury v. Commissioner

Lindabury v. Commissioner
U.S. Court of Appeals for the Third Circuit · Decided June 30, 1941 · Clark, Goodrich, Jones
121 F.2d 446; 1941 U.S. App. LEXIS 3233; 27 A.F.T.R. (RIA) 700 (Federal Reporter, Second Series)

Lindabury v. Commissioner

Opinion of the Court

PER CURIAM.

The finding by the Board of Tax Appeals that the petitioner’s shares of stock in the Kearny National Bank were not and did not become worthless during the taxable year is fully supported by the evidence and justifies the Board’s decision approving *447the Commissioner’s disallowance of the petitioner’s claim to a deduction for an alleged loss on account thereof for the taxable year.

The decision of the Board of Tax Appeals is affirmed.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.

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