KAMM'S ESTATE v. C.I.R.

No. 15048.

349 F.2d 953 (1965)

ESTATE of Louis KAMM, Deceased, and Emily E. Kamm, Surviving Wife, Also Known as Edythe Emily Kamm, Appellants, v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals Third Circuit.

Decided August 12, 1965.


Attorney(s) appearing for the Case

Edgar J. Goodrich, Washington, D. C., Harold Kamens, Newark, N. J., for petitioners.

Robert J. Golten, Atty., Tax Div., Dept. of Justice, Washington, D. C. (Louis F. Oberdorfer, Asst. Atty. Gen., Lee A. Jackson, David O. Walter, Attys., Dept. of Justice, Washington, D. C., on the brief), for respondent.

Before HASTIE and FREEDMAN, Circuit Judges, and WEBER, District Judge.


HASTIE, Circuit Judge.

The appellants, Estate of Louis Kamm and Kamm's widow, Emily, are here seeking a review of a Tax Court decision which sustained the Commissioner's finding of a deficiency in the Kamms' 1949 joint income tax return. The matter in controversy is $143,258.82 of unreported income, the source of a claimed tax deficiency of $34,827.22.

This income resulted from a sale of the stock of a real estate...

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