Lamport v. Commissioner

opinion.

Smith :

This is a proceeding for the redetermination of a deficiency in estate tax of $27,869.73. In his brief, counsel for the petitioners alleges errors on the part of the respondent in the determination of the deficiency as follows:(1) The failure of the Commissioner, in determining the valuation of shares of stock of Lamport Realty Co. included in this estate, to deduct as a liability of that corporation the correct amount as a reserve for income taxes and the determination of the Commissioner that the correct amount of such reserve is $6,238.16.(2) The failure of the Commissioner…