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SKANNEL v. COMMISSIONER

Docket Nos. 56573, 56630.

27 T.C. 974 (1957)

JAMES A. SKANNEL, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. ARRON BENTON AND HELEN BENTON, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 18, 1957.

Attorney(s) appearing for the Case

Morris Katz, Esq., for the petitioners.

Charles B. Markham, Esq., for the respondent.

OPINION.

RAUM, Judge:

The Commissioner determined deficiencies in income tax for 1951 against petitioners as follows:

James A. Skannel --------------------------   $5,648.82
Arron and Helen Benton --------------------    4,163.48

The question for decision is whether the payment of $17,500 to Skannel and Arron Benton in connection with their relinquishment of rights under a distributorship agreement represents ordinary income...

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