FIRST NATIONAL BANK OF FORT WORTH v. COMMISSIONER

Docket No. 104414.

1 T.C.M. 561 (1943)

The First National Bank of Fort Worth v. Commissioner.

United States Tax Court.

Entered February 4, 1943.


Attorney(s) appearing for the Case

Y. D. Harrison, Jr., C. P. A., Fort Worth, Tex., and Warren Scarborough, Esq., for the petitioner. D. D. Smith, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

Respondent determined deficiencies for the year 1938 in petitioner's income and excess profits tax, respectively, in the amounts of $23,465.16 and $1,810.30. An agreement has been reached by the parties upon several issues originally raised by the pleadings. Four issues remain to be decided, as follows:

1. Must petitioner include in income the amounts of certain items previously charged off as...

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