20 T.C. 670 (1953), 35279, Lynchburg Nat. Bank & Trust Co. v. C.I.R.

Citation: 20 T.C. 670

Opinion Judge: HILL, Judge:

Party Name: LYNCHBURG NATIONAL BANK & TRUST CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Attorney: Robert J. Heberle, Esq., for the petitioner. Reuben G. Clark, Jr., Esq., for the respondent.

Judge Panel: MURDOCK, J., dissenting: ARUNDELL and WITHEY, JJ., agree with this dissent.

Case Date: June 25, 1953

Court: U.S. Tax Court