Nos. 12802-12804. Argued March 17, 1959. Decided April 16, 1959. Rehearing Denied May 11, 1959. George P. Walker, Camden, N.J., Robert M. Taylor, Philadelphia, Pa., for petitioners. Joseph Kovner, Washington, D.C. (Charles K. Rice, Asst. Atty. Gen., Lee A. Jackson, A.F. Prescott, Attys., Department of Justice, Washington, D.C., on the brief), for respondent. Before McLAUGHLIN and HASTIE, Circuit Judges, and MORRILL, District Judge. MORRILL, District Judge. Tax deficiencies, fraud penalties and underestimation
Nos. 4827, 4828. June 21, 1955. Rehearing Denied December 12, 1955. Ross L. Malone, Jr., Roswell, N.M. (J.D. Atwood and Charles F. Malone, Roswell, N.M., were with him on the brief), for appellant and cross-appellee. William A. McKenzie, Dallas, Tex., and J.R. Modrall, Albuquerque, N.M. (Simms Modrall, Albuquerque, N.M., Wynne Wynne, Dallas, Tex., were with them on the brief), for appellees and cross-appellants. Before MURRAH and PICKETT, Circuit Judges, and SAVAGE, District Judge. PICKETT, Circuit