ESTATE OF LENNEN v. COMMISSIONER

Docket No. 87300.

21 T.C.M. 1507 (1962)

T.C. Memo. 1962-285

Estate of Philip W. Lennen, Deceased, Thomas W. Kelly and First National City Trust Company, Executors, and Thelma A. Lennen, Surviving Wife v. Commissioner.

United States Tax Court.

Filed November 30, 1962.


Attorney(s) appearing for the Case

A. Chauncey Newlin, Esq., 14 Wall St., New York, N. Y., and David Sachs, Esq., for the petitioners. Dean P. Kimball, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

OPPER, Judge:

Respondent determined a deficiency in income tax for the year ended December 31, 1952, in the amount of $112,503.20. The issues remaining for decision are: (1) Whether an amount in excess of 25 percent of the gross income stated in the return was omitted from the return so as to validate consents to extensions of time for assessment executed more than 3 but less than 5 years after the return was filed...

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