Memorandum Findings of Fact and Opinion
TURNER, Judge:
Respondent has determined an income tax deficiency against petitioner in the amount of $1,668.25 for the taxable year 1939. The question presented is whether petitioner realized taxable income in the amount of $10,000 when his obligation on certain personal notes in the aggregate face amount of $15,000, plus interest, was discharged, pursuant to an agreement under which certain suits that had
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