Memorandum Findings of Fact and Opinion
HARRON, Judge:
The respondent determined a deficiency in income tax for the year 1940 in the amount of $1,232. Not all of the adjustments are in dispute here. The sole issue is whether petitioner is entitled to a deduction from gross income under section 23 (e) of the Internal Revenue Code on account of the loss of certain jewelry alleged to have been stolen during the taxable year.
Petitioner filed his return...
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