WHALEY, Chief Justice.
The plaintiffs are executors of the will of Leon Levy, who died August 29, 1942.
In his Federal income tax return for the calendar year 1941 Levy had excluded from his gross income a sum of $7,380, which he stated in his return had been received by him but was, as he asserted, nontaxable because representing "dividends upon shares of stock of Stern & Co., to be applied as portion of the sale price of said shares in accordance with...
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