LINDLEY, District Judge.
This is an appeal from a decision of the United States Board of Tax Appeals approving the assessment of an additional income tax against petitioner for the year 1930. The Board refused to accept petitioner's contention that he was entitled to deduct from his gross income $57,000, part of the sum which he paid to a partnership firm when he became a member thereof. The facts were stipulated.
On September 1, 1930, petitioner bought a...
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