TENNESSEE FOUNDRY & MACHINE COMPANY v. C.I.R.

No. 18152.

399 F.2d 156 (1968)

TENNESSEE FOUNDRY & MACHINE COMPANY, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Sixth Circuit.

August 5, 1968.


Attorney(s) appearing for the Case

William Waller and Robert G. McCullough, Nashville, Tenn., Waller, Lansden, Dortch & Davis, Nashville, Tenn., of counsel, for petitioner.

Chester C. Davenport, Jr., Department of Justice, Washington, D. C., Mitchell Rogovin, Asst. Atty. Gen., Meyer Rothwacks, William Friedlander, Robert I. Waxman, Attys., Department of Justice, Washington, D. C., on brief, for respondent.

Before EDWARDS, PECK and COMBS, Circuit Judges.


PER CURIAM.

An employee of the petitioner left a suicide note confessing embezzlement subsequently determined to have been slightly in excess of $94,000, of which more than $75,000 had been previously reported as income for federal tax purposes. The widow of the deceased employee was the named beneficiary in a life insurance policy and she individually and as administratrix of his estate executed an assignment to the petitioner of all of her rights in and all monies...

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