LACY v. C. I. R.

Nos. 7524-7527.

341 F.2d 54 (1965)

Walter LACY and Alois Lacy, Petitioners, v. COMMISSIONER OF INTERNAL REVENUE, Respondent. COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. Harold W. CUCKLER and Mary E. Cuckler, Respondents. COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. Royden BROWN and Doris Brown, Respondents. COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. TRINIDAD NATIONAL BANK, Respondent.

United States Court of Appeals Tenth Circuit.

January 28, 1965.


Attorney(s) appearing for the Case

David I. Granger, Atty., Dept. of Justice (Louis F. Oberdorfer, Asst. Atty. Gen., John B. Jones, Jr., Acting Asst. Atty. Gen., and Lee A. Jackson and David O. Walter, Attys., Dept. of Justice, with him on the briefs), for Commissioner of Internal Revenue.

Donald K. Groom, Oklahoma City, Okl., for petitioners Lacy.

Gene W. Reardon, Denver, Colo. (John Corbridge, Denver, Colo., with him on the brief), for respondents Cuckler and Brown.

Laurence A. Ardell, Pueblo, Colo., for respondent Trinidad Nat. Bank.

Before LEWIS, BREITENSTEIN and HILL, Circuit Judges.


BREITENSTEIN, Circuit Judge.

These four petitions to review decisions of the Tax Court arise from a series of transactions in which Lacy, petitioner in No. 7524, purchased from Cuckler and Brown, respondents in Nos. 7525 and 7526 respectively, all shares of stock and assets of Trinidad National Bank, respondent in No. 7527.1 The dispute centers around disposition of the bank building which was admittedly worth $133,000 and was carried...

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