People's-Pittsburgh Trust Co. v. United States

LITTLETON, Judge.

This suit involves the question whether the defendant was correct in computing the income tax of the decedent, from a business with which he was connected, from the beginning of his taxable year 1929 to the date of his death within that year when there was a provision in an agreement with others, under which the business was carried on, that such business should continue for a time in the event the decedent should withdraw therefrom or should die.

We think it is not important in this case whether the business known as A. E. Masten & Co. was a partnership or the private…