10 T.C. 919 (1948), 9007, Penn Athletic Club Bldg. v. C.I.R.

Citation: 10 T.C. 919

Opinion Judge: DISNEY, Judge:

Party Name: PENN ATHLETIC CLUB BUILDING, GIRARD TRUST COMPANY, TRUSTEE FOR FIRST MORTGAGE BONDHOLDERS, PETITIONER, v. COMMISSIONER of INTERNAL REVENUE, RESPONDENT.

Attorney: Sanford D. Beecher, Esq., for the petitioner. Wm. D. Harris, Esq., for the respondent.

Judge Panel: HARLAN, J., dissenting: ARUNDELL, MURDOCK, LEECH, and HILL, JJ., agree with this dissent.

Case Date: May 24, 1948

Court: U.S. Tax Court