TRUST NO. 3 v. C. I. R.

No. 13075.

285 F.2d 102 (1960)

TRUST NO. 3, C. E. and Margaret Brehm, Trustees, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Seventh Circuit.

December 22, 1960.


Attorney(s) appearing for the Case

Don O. Russell, St. Louis, Mo., David E. Furnall, Mt. Vernon, Ill., for petitioner.

Charles K. Rice, Asst. Atty. Gen., Meyer Rothwacks, Atty., Tax Division Dept. of Justice, Washington, D. C., Michael I. Smith, Atty., Dept. of Justice, Washington, D. C., for respondent.

Before SCHNACKENBERG and KNOCH, Circuit Judges, and PLATT, District Judge.


SCHNACKENBERG, Circuit Judge.

By petition for review, Trust No. 3, C. E. and Margaret Brehm, Trustees, herein referred to as "petitioner", brings to us decisions of the Tax Court1 entered January 29, 1960, which determined deficiencies in income taxes owed by petitioner for the years 1955 and 1956.

The facts were stipulated in the Tax Court and were incorporated in its findings of fact and opinion. So far as here relevant they...

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