An estate tax deficiency of $78,108.20, resulting principally from the disallowance of a claimed deduction for charitable bequests in the amount of $263,032.29, has been determined by respondent. Petitioner does not contest the other adjustments, which are of a minor character. The question for decision is whether any deduction is allowable in view of the fact that the trustee of the residuary estate of Lucius H. Elmer, deceased, has a conditional power to invade the corpus...
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