HITKE v. COMMISSIONER

Docket Nos. 81383, 81386, 81389.

20 T.C.M. 332 (1961)

T.C. Memo. 1961-66

Robert K. Hitke and La Verne E. Hitke, et al. v. Commissioner.

United States Tax Court.

Filed March 10, 1961.


Attorney(s) appearing for the Case

Wyatt Jacobs, Esq., and Joseph B. Lederleitner, Esq., for the petitioners. Seymour I. Sherman, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

TIETJENS, Judge:

The Commissioner determined the following deficiencies in income tax for the year 1955:

  Docket No.                Deficiency

   81383 .................  $50,324.63
   81386 .................   50,324.63
   81389 .................   25,162.12

The questions for decision are whether a transaction in which petitioners received certain shares of stock constituted an involuntary...

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