Action for the recovery of income taxes. The facts are as follows:
Prior to December 27, 1928, plaintiff was the owner of 251½ shares of the Puritan Oil Corporation which had cost him $9,633.69. On that date he gave his wife 125½ shares of this stock. On January 21, 1929, the Puritan Oil Corporation entered into a written agreement with the Sinclair Consolidated Oil Corporation...
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