National Metropolitan Bank of Washington v. United States

This is a suit to recover income taxes alleged to have been erroneously exacted.

There is no dispute as to the facts. Christina Buchholz was the owner of the Occidental Hotel at Nos. 1411 and 1413 Pennsylvania Avenue Northwest, Washington, D. C., which she had acquired under the will of her husband Gustav Buch-holz, who died in June 192'5. In August of that year Christina Buchholz entered into a written agreement with her son, Frederick, plaintiffs’ decedent, transferring to him the goodwill and all the other assets of the Occidental Hotel, in consideration of his agreement to devote his best…