United States Tax Court February 7, 1977, Docket No. 7056-73 (Armstrong v. Commissioner)

DOROTHY A. ARMSTRONG, Transferee, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Armstrong v. Commissioner Docket No. 7056-73 United States Tax Court T.C. Memo 1977-30; 1977 Tax Ct. Memo LEXIS 408; 36 T.C.M. (CCH) 137; T.C.M. (RIA) 770030; February 7, 1977, Filed *408 Petitioner's transferor sold all of its assets in a sec.337 sale.