Thomas v. Commissioner of Internal Revenue

Anthony V. Thomas, Joseph M. Thomas and George J. Thomas were brothers and co-partners in a number of business enterprises. Joseph died in the fire of the Steamship Noronic at Toronto on September 17, 1949. Upon his death, more than $180,000 in cash was found in his safe deposit box. In the course of the administration of Josephs estate, Anthony, George and the estate of Joseph were adjudged to be the owners of a one-third interest in the money, as copartners.