United States Tax Court August 31, 1966, Docket No. 5310-64 (Joseph E. Seagram & Sons, Inc. v. Commissioner)

lead-opinion

Atkins, Judge:

The respondent determined that petitioner is liable, as transferee of assets of the Calvert Distilling Co. (successor by-merger to Julius Kessler Distilling Co., Inc.), for a deficiency in income tax for the taxable year ended July 31, 1959, in the amount of $360,466.80.