*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); Commissioner of Internal Revenue v. Watson’s Estate (216 P. 2d 941); Commissioner of Internal Revenue v. Maresi (156 F. 2d 929), and McMurtry v. Commissioner of Internal Revenue (203 F. 2d 659). [207 Misc. 972.]