ESTATE OF MYRTLE H. NEWBERRY v. COMMISSIONER

Docket Nos. 19480, 20519.

17 T.C. 597 (1951)

ESTATE OF MYRTLE H. NEWBERRY, DECEASED, JOHN J. NEWBERRY, JR., EDGAR A. NEWBERRY, WALTER C. SCHULZ AND JOHN J. NEWBERRY, EXECUTORS, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. JOHN J. NEWBERRY TRUST No. 1, JOHN J. NEWBERRY TRUST No. 2, JOHN J. NEWBERRY TRUST No. 3 AND JOHN J. NEWBERRY TRUST No. 4, WALTER C. BAKER AND THOMAS L. ZIMMERMAN, TRUSTEES, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated October 5, 1951.


Attorney(s) appearing for the Case

Montgomery B. Angell, Esq., for the petitioners.

Francis X. Gallagher, Esq., for the respondent.


The tax liability involved in Docket No. 19480 is for estate tax deficiency in the amount of $840,467.79. In Docket No. 20519, there is involved transferee liability for the same deficiency. The proceedings were consolidated for hearing, and it was stipulated at the hearing that if it be determined in the principal proceeding there is a deficiency in the estate tax, there will be a corresponding liability in the transferee proceeding.

The questions for our determination...

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