TURNBULL, INC. v. C. I. R.

No. 22174.

373 F.2d 91 (1967)

TURNBULL, INC., Transferee (Formerly J. Gordon Turnbull, Inc.), Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Fifth Circuit.

Rehearing Denied March 22, 1967.


Attorney(s) appearing for the Case

Robert Edwin Davis, Wentworth T. Durant, Ronald M. Mankoff, Durant, Mankoff & Davis, Dallas, Tex., for petitioner.

Lester R. Uretz, Chief Counsel, I. R. S., Glen E. Hardy, Atty., I. R. S., Mitchell Rogovin, Asst. Atty. Gen., Lee A. Jackson, Crombie J. D. Garrett, Melva M. Graney, Attys., Dept. of Justice, Washington, D. C., Richard M. Roberts, Acting Asst. Atty. Gen., for respondent.

Before RIVES, WISDOM and AINSWORTH, Circuit Judges.


AINSWORTH, Circuit Judge:

This taxpayer's petition for review of an adverse decision of the Tax Court involves a complicated set of facts in which three corporations, J. Gordon Turnbull, Inc., taxpayer, H. R. Henderson and Company and Price Construction Company, as well as two individuals, Cameron McElroy, Jr. and H. R. Henderson, are the principal participants.

The story begins chronologically with the incorporation of J. Gordon Turnbull, Inc. (JGT) under...

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