Bradbury v. Commissioner

Eva D. Bradbury v. Commissioner.

Bradbury v. Commissioner

Docket No. 79514.

United States Tax Court

T.C. Memo 1961-104; 1961 Tax Ct. Memo LEXIS 259; 20 T.C.M. (CCH) 491; T.C.M. (RIA) 61104;

March 31, 1961

Raymond S. Oakes, Esq., and Chester N. Foss, C.P.A., for the petitioner. Charles T. Shea, Esq., for the respondent

SCOTT

Memorandum Findings of Fact and Opinion

SCOTT, Judge: Respondent determined a deficiency in petitioner's income tax for the taxable year 1956 in the amount of $7,518.89.

The issue for decision is whether the redemption by the L. L. Bradbury Corporation of 44 shares of petitioner's…