ESTATE OF BURNETT v. COMMISSIONER

Docket No. 109742.

2 T.C. 897 (1943)

ESTATE OF TOM L. BURNETT, DECEASED, ANNE V. BURNETT HALL, EXECUTRIX, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated October 18, 1943.


Attorney(s) appearing for the Case

R. B. Cannon, Esq., for the petitioner.

Angus Roy Shannon, Jr., Esq., for the respondent.


OPINION.

BLACK, Judge:

This proceeding involves the determination by the respondent of individual income tax deficiencies against Tom L. Burnett, deceased, for the calendar year 1937 and the period January 1 to December 26, 1938, in the amounts of $6,106.43 and $124,694.47, respectively.

The parties have stipulated that the deficiency for the year 1937 is the amount of $4,419.93. Effect will be given to that stipulation under Rule 50.

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