These proceedings, consolidated for hearing, involve transferee liability of petitioners for deficiencies of $13,649.53 in income tax and $1,881.67 in excess profits tax of the Pershell Engineering Co. for 1938. On August 9, 1938, the stockholders of the corporation passed a resolution of dissolution which was filed in the office of the Secretary of State of Kansas on August 11, 1938. The question in issue is whether the transferor has a liability for income tax and excess...
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