United States Court of Claims May 11, 1973, No. 357-71; No. 358-71 (McKelvy v. United States)

Kashiwa, Judge,

delivered the opinion of the court:*

The above-entitled claims are consolidated suits for the refund of federal income taxes for calendar year 1969. An assessment was made by the Government on a “distribution and loan-back” transaction made on or about April 12,1969, between McKelvy Furniture, Inc. and its shareholders, Robert H. and Maxine McKelvy and R. Hugh and Tula E.