BONSALL v. COMMISSIONER

Docket Nos. 83670 and 83705.

21 T.C.M. 820 (1962)

T.C. Memo. 1962-151

Henry H. Bonsall, Jr., and Martha G. Bonsall v. Commissioner. C. Jordan Vail and Nancy B. Vail v. Commissioner.

United States Tax Court.

Filed June 25, 1962.


Attorney(s) appearing for the Case

Eugene J. Steiner, Esq., 90 State St., Albany, N. Y., for the petitioners. Howard B. Sweig, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined a deficiency in the income tax of Henry H. Bonsall, Jr., and Martha G. Bonsall for the year 1956 in the amount of $4,027.91, and in the income tax of C. Jordan Vail and Nancy B. Vail for the year 1956 in the amount of $50.25.

The issue for decision is whether petitioners received a taxable distribution of stock of Abon, Inc., in the year 1956. It is petitioners' position...

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