Estate of Robert L. Clymer, Deceased, Edward O. Steely and Doylestown Trust Company, Executors v. Commissioner of Internal Revenue

MARIS, Circuit Judge.

This is a petition by the taxpayers to review a decision of the Tax Court against them. The taxpayers are the executors of the will of Robert L. Cly-mer, who died July 31, 1949, a resident of Pennsylvania. The litigation involves the income tax liability of his estate for the fiscal years ended July 31, 1950 and July 31, 1951. The decedent was at the time of his death a member of a partnership known as Clymer’s Department Store, which operated a department store at Doylestown, Pennsylvania. The partnership kept its books on a cash basis. The decedent’s estate also keeps…