George Sutherland, Industrial Trust Company v. United States…
“ Petitioners, as executors of the estate of William M. Greene, who died in 1930, filed an estate tax return and paid the amount of the federal estate tax disclosed thereby. A paid-up life insurance policy of $42,000 was omitted from the return. The Commissioner of Internal Revenue declared a deficiency and included the amount of this policy in the gross estate. ”
