16 T.C. 840 (1951), 19849, Chelsea Products, Inc. v. C.I.R.

Citation: 16 T.C. 840

Opinion Judge: BLACK, Judge:

Party Name: CHELSEA PRODUCTS, INCORPORATED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Attorney: Ferdinand Tannenbaum, Esq., and Walter F. Sloan, Esq., for the petitioner. Maurice S. Bush, Esq., for the respondent.

Judge Panel: RICE, J., dissents. OPPER, J., dissenting: TURNER, TIETJENS, and RAUM, JJ., agree with this dissent.

Case Date: April 19, 1951

Court: U.S. Tax Court