CHESTER v. COMMISSIONER

Docket No. 3274-65.

26 T.C.M. 246 (1967)

T.C. Memo. 1967-50

Herman H. Chester and Martha Chester v. Commissioner.

United States Tax Court.

Filed March 17, 1967.


Attorney(s) appearing for the Case

Joseph Steinberg, 277 Broadway, New York, N. Y., and Donald Steinberg, for petitioners. Charles M. Costenbader, for respondent.


Memorandum Findings of Fact and Opinion

ATKINS, Judge:

The respondent determined deficiencies in income tax for the taxable years 1956 and 1957 in the respective amounts of $51,326.11 and $107,358.81, and additions thereto under section 6653(b) of the Internal Revenue Code of 1954 in the respective amounts of $25,663.06 and $58,383.41. The issues are whether the petitioners omitted substantial amounts of income from their income tax returns for the taxable...

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