19 T.C. 718 (1953), 28135, Hamlin's Trust v. C.I.R.

Citation: 19 T.C. 718

Opinion Judge: TIETJENS, Judge:

Party Name: CLARENCE CLARK HAMLIN TRUST; THE EXCHANGE NATIONAL BANK OF COLORADO SPRINGS, AND TOR HYLBOM, TRUSTEES, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. ESTATE OF T. E. NOWELS, DECEASED; BERTIE M. NOWELS AND THE EXCHANGE NATIONAL BANK OF COLORADO SPRINGS, COEXECUTORS, AND BERTIE M. NOWELS, SURVIVING WIFE, PETITIONERS, v. COMMISSIONER OF

Attorney: Ralph B. Mayo, C.P.A., and John L. J. Hart, Esq., for the petitioners. Frank M. Cavanaugh, Esq., for the respondent.

Judge Panel: JOHNSON, J., dissenting: TURNER and WITHEY, JJ., agree with this dissent.

Case Date: January 22, 1953

Court: U.S. Tax Court