Gross v. Commissioner

William H. Gross, Petitioner, v. Commissioner of Internal Revenue, Respondent

Gross v. Commissioner

Docket No. 5949

United States Tax Court

7 T.C. 837; 1946 U.S. Tax Ct. LEXIS 73;

September 23, 1946, Promulgated

Decision will be entered under Rule 50.

Intrafamily partnership transaction held to result in taxable gift under I. R. C., section 1002.

Harry J. J. Bellwoar, Jr., Esq., Theodore G. Rich, Esq., for the petitioner.

William H. Best, Jr., Esq., for the respondent.

Opper, Judge.

OPPER

By this proceeding petitioner seeks a redetermination of a deficiency of $ 51,818.06 in gift tax for the year 1942. A…