Writ of Certiorari Granted May 20, 1940. See 60 S.Ct. 1079, 84 L.Ed. ___.
SIBLEY, Circuit Judge.
Having owned for seven years $15,000 par value of Cameron County Water Improvement District coupon bonds, in 1935 the taxpayer accepted from the District for them $7,476.75, and in his tax return claimed a deduction of $7,523.25 as for a bad debt charged off. The Board of Tax Appeals upheld the Commissioner in his ruling that the loss was not a bad debt under Sect...
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