In re the Estate of Hungerford

Slater, S.

The State Tax Commission has appealed from an order of this court, made on the 18th day of April, 1935, compromising the transfer tax due from the said estate on the contingent interests therein, upon the following grounds: That in applying the formula involved pursuant to section 233 of article 10 of the Tax Law, providing for said compromise, an error was made in computing the tax at the lowest possible rate, since the computation as made by the estate was based on the erroneous assumption that several surviving temporary life estates until age twenty-one might come into existence…