35 T.C. 288 (1960), 64616, Bayley v. C. I. R.

Citation: 35 T.C. 288

Opinion Judge: PIERCE, Judge:

Party Name: JOHN F. AND RUTH BAYLEY, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Attorney: J. Gilmer Blackburn, Esq., for the petitioners. Harold G. Clark, Jr., Esq., for the respondent.

Judge Panel: OPPER, J., dissents on issue 1. MULRONEY, J., dissents on issue 2.

Case Date: Friday November 18, 1960

Court: U.S. Tax Court