In re Michael J. Hughes & Co.

MEANEY, District Judge.

This proceeding arises on a petition to review a decision of the Referee in Bankruptcy allowing d tax claim of "the Collector of Internal Revenue.

The claim in suit was filed on April 22, 1952. An order was obtained by the trustees of the bankrupt, directing the Collector to show cause why said claim should not be reduced or expunged. At the hearing on the order there was great controversy concerning the validity,'of a certain tax waiver or consent. Since the statute of limitations has run on the taxable year in question, it is conceded that if the waiver is invalid the…