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NICHOLS v. COMMISSIONER

Docket Nos. 12324, 12333.

7 T.C.M. 134 (1948)

Charles W. Nichols v. Commissioner. Adelaide B. Nichols v. Commissioner.

United States Tax Court.

Entered March 3, 1948.

Attorney(s) appearing for the Case

Harold Rosenblum, Esq., 217 Broadway, New York, N. Y., for the petitioners. Sheldon V. Ekman, Esq., for the respondent.

Memorandum Opinion

ARUNDELL, Judge:

These consolidated proceedings involve gift tax deficiencies for 1943 in the amount of $4,320 against each of the petitioners. The only issue is whether the petitioners are entitled to the statutory exclusions of $3,000 for each donee in connection with certain gifts in trust for the benefit of their grandchildren.

[The Facts]

The facts are not in dispute. Petitioners, husband and wife, are residents...

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