ESTATE OF HUNTSMAN v. COMMISSIONER

Docket No. 8685-74.

66 T.C. 861 (1976)

ESTATE OF JOHN L. HUNTSMAN, DECEASED, ANTHONY REDMOND AND WACHOVIA BANK AND TRUST COMPANY, N.A., EXECUTORS, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed August 17, 1976.


Attorney(s) appearing for the Case

Leon L. Rice, Jr., and R. Stephen Camp, for the petitioner.

Gary F. Walker, for the respondent.


SIMPSON, Judge:

In his notice of deficiency, the Commissioner determined a deficiency in the Federal estate tax of the Estate of John L. Huntsman in the amount of $97,991.40. In his second amendment to the answer, he determined such deficiency to be $107,470.13. The primary issue involves determining the fair market value of the decedent's stock in Asheville Steel Co. and Asheville Industrial Supply Co., including determining...

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