50 T.C. 688 (1968), 4947-66, Schultz v. Commissioner of Internal Revenue

Citation: 50 T.C. 688

Opinion Judge: TANNENWALD, Judge:

Party Name: GEORGE L. SCHULTZ AND MARGARET F. SCHULTZ, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

Attorney: Myles A. Cane and Lewis J. Hecker, for the petitioners. Alan M. Stark, for the respondent.

Judge Panel: FEATHERSTON, J., dissenting: DRENNEN and FAY, JJ., agree with this dissenting opinion.

Case Date: July 31, 1968

Court: U.S. Tax Court