*893MacCrate, Beldock and Murphy, JJ., concur; Nolan, P. J., and Ughetta, J., dissent and vote to reverse on authority of Harris v. Commissioner (340 U.S. 106" court="SCOTUS" date_filed="1950-11-27" href="https://app.midpage.ai/document/harris-v-commissioner-104828?utm_source=webapp" opinion_id="104828">340 U. S. 106); Commissioner of Internal Revenue v. Watson’s Estate (216 P. 2d 941); Commissioner of Internal Revenue v. Maresi (156 F.2d 929" court="2d Cir." date_filed="1946-07-08" href="https://app.midpage.ai/document/commissioner-of-internal-revenue-v-maresi-1547934?utm_source=webapp" opinion_id="1547934">156 F. 2d 929), and McMurtry v. Commissioner of Internal Revenue (203 F.2d 659" court="1st Cir." date_filed="1953-04-13" href="https://app.midpage.ai/document/mcmurtry-v-commissioner-of-internal-revenue-231519?utm_source=webapp" opinion_id="231519">203 F. 2d 659). [207 Misc. 972" court="N.Y. Sur. Ct." date_filed="1954-07-27" href="https://app.midpage.ai/document/in-re-the-estate-of-howe-6162545?utm_source=webapp" opinion_id="6162545">207 Misc. 972.]