Court of Appeals for the Third Circuit March 27, 1941, No. 7610 (Gowern's Estate v. Commissioner)

BIGGS, Circuit Judge.

On June 1, 1916, W. J. Gowern and others leased to J. G. McCrory Company certain improved real estate in Canonsburg, Pennsylvania, for a term of twenty-five years beginning upon April 1, 1917, at a rental of $900 a year. The lessee, a Pennsylvania corporation, was one of the subsidiaries of McCrory Stores Corporation, a Delaware corporation.