REBAY v. COMMISSIONER

Docket Nos. 94715, 95326.

22 T.C.M. 181 (1963)

T.C. Memo. 1963-42

Hilla Rebay v. Commissioner.

United States Tax Court.

Filed February 18, 1963.


Attorney(s) appearing for the Case

Karl Huber, Esq., 972 Broad St., Newark, N. J., for the petitioner. Alvin C. Martin, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

RAUM, Judge:

The Commissioner determined deficiencies in petitioner's income tax for the years 1955-1959 in the respective amounts of $30,417, $28,048, $18,476.75, $22,234.82, and $20,376.42. The principal adjustment, and the only one presently in dispute, is the Commissioner's disallowance in whole or in part of the deductions for charitable contributions by reason of his downward revision of the fair market value...

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