LESSER v. COMMISSIONER

Docket Nos. 63409-63418, 64754-64758.

47 T.C. 564 (1967)

LOUIS LESSER, TRANSFEREE, ET AL., PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 7, 1967.


Attorney(s) appearing for the Case

George T. Altman, for the petitioners.

Richard W. Janes, for the respondent.


HOYT, Judge:

These proceedings involve transferee liabilities for 1950 income and excess profits taxes of three separate alleged transferor corporations. The deficiencies determined against the transferors and the transferee liabilities determined against each of the petitioners, being the alleged value of assets transferred to them, are as follows:

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