Estate of Harry M. Liggett v. Commissioner

Estate of Harry M. Liggett, deceased, Lucille W. Liggett, Executrix, and Lucille W. Liggett v. Commissioner.

Estate of Harry M. Liggett v. Commissioner

Docket No. 39062.

United States Tax Court

1954 Tax Ct. Memo LEXIS 313; 13 T.C.M. (CCH) 70; T.C.M. (RIA) 54038;

January 29, 1954

Byron M. Gray, Esq., for the petitioner. Lyman G. Friedman, Esq., for the respondent.

JOHNSON

Memorandum Findings of Fact and Opinion

JOHNSON, Judge: Respondent determined a deficiency of $24,346.11 in petitioners' income tax for 1946. The only issue before us is whether petitioners are entitled to a deduction of $47,000 for a…