469 F2d 694 Estate Davis v. Commissioner of Internal Revenue
469 F.2d 694
73-1 USTC P 9124
ESTATE of Kenneth W. DAVIS, Deceased, et al., etc.,
COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellant.
United States Court of Appeals,
Dec. 15, 1972.
Scott P. Crampton, Bobby D. Burns, Asst. Attys. Gen., Meyer Rothwacks, Atty., Tax Div., Dept. of Justice, Lee H. Henkel, Jr., Acting Chief Counsel, Donald H. Olson, Atty., Tax Div., Dept. of Justice, Washington, D. C., for respondent-appellant.
Whitfield J. Collins, Allan Howeth, Fort Worth, Tex., for petitioners-appellees.
Before JOHN R. BROWN, Chief Judge, and THORNBERRY and MORGAN, Circuit Judges.
The judgment is affirmed on the basis of the opinion of the United States Tax Court, Estate of Davis v. Commissioner of Internal Revenue, T.C.Memo. 1971-318 (1971), insofar as that opinion disposes of the Commissioner's contention that this transaction was part gift, part sale.