32 T.C. 135 (1959), 64133, Kelley v. C.I.R.

Citation: 32 T.C. 135

Party Name: JAMES B. KELLEY AND LENA S. KELLEY, HUSBAND AND WIFE, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. JOHN WALTMAN AND DORIS WALTMAN, HUSBAND AND WIFE, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Attorney: William R. Frazier, Esq., for the petitioners. Henry C. Stockell, Jr., Esq., for the respondent.

Judge Panel: DRENNEN, J., concurs in the result. OPPER, J. dissenting: MURDOCK, HARRON, RAUM, and FORRESTER, JJ. agree with this dissent.

Case Date: Friday April 17, 1959

Court: U.S. Tax Court