Estate of Arthur G. Scanlan, Deceased, Ruth B. Scanlan, Administratrix - Page 1

                                    T.C. Memo. 1996-414                                      

                                 UNITED STATES TAX COURT                                     

               ESTATE OF ARTHUR G. SCANLAN, DECEASED, RUTH B. SCANLAN,                       
                                ADMINISTRATRIX, Petitioner v.                                
                     COMMISSIONER OF INTERNAL REVENUE, Respondent*                           

                Docket No. 4561-95.            Filed September 16, 1996.                     

                     P moves for reconsideration, arguing that the                           
                Court erred because we:  (1) Concluded that the subject                      
                shares were marketable, (2) failed to account properly                       
                for minority and marketability discounts, and (3) did                        
                not apply the standards set forth in Mandelbaum v.                           
                Commissioner, T.C. Memo. 1995-255, affd. without                             
                published opinion 91 F.3d 124 (3d Cir. 1996), to                             
                determine the marketability discount.  Held:  P's                            
                motion for reconsideration will be denied.                                   

                Robert R. Casey, for petitioner.                                             
                Linda K. West, for respondent.                                               

                * Estate of Scanlan v. Commissioner, T.C. Memo. 1996-331.                    

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