D. G. McDONALD TRUST v. COMMISSIONER

Docket Nos. 22506, 22507, 30556.

19 T.C. 672 (1953)

TRUST UNDER THE LAST WILL AND TESTAMENT OF D. G. McDONALD, DECEASED, THE CHASE NATIONAL BANK OF THE CITY OF NEW YORK—TRUST DIVISION AND EILEEN JUNE McDONALD, TRUSTEES (ALLEGED TRANSFEREE), ET AL., PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated January 22, 1953.


Attorney(s) appearing for the Case

James D. Conway, Esq., and Philip G. Johnson, C. P. A., for the petitioners.

William B. Springer, Esq., for the respondent.


These consolidated proceedings involve a redetermination of a deficiency of $418,277.16 in estate tax in Docket No. 30556, and the following deficiencies in income tax in Docket No. 22507:

Year                                              Amount

1944 -----------------------------------------   $26,681.29
1945 -----------------------------------------    26,973.15
1946 -----------------------------------------    19,076.55
Jan. 1, 1947, to May...

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