12 T.C. 280 (1949), 11023, Estate of Higgs v. C.I.R.

Citation: 12 T.C. 280

Opinion Judge: MURDOCK, Judge:

Party Name: ESTATE OF WILLIAM J. HIGGS, DECEASED, THE CHASE NATIONAL BANK OF THE CITY OF NEW YORK, EXECUTOR, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Attorney: Alan L. Gornick, Esq., for the petitioner. Francis X. Gallagher, Esq., for the respondent.

Judge Panel: HILL, J., dissenting: ARUNDELL, ARNOLD, AND HARRON, JJ., agree with this dissent.

Case Date: March 02, 1949

Court: U.S. Tax Court