Memorandum Findings of Fact and Opinion
The respondent determined a deficiency of $4,175.52 in the petitioner's income tax for the year 1939.
The single issue is whether or not the Commissioner was justified in adding to the taxpayer's income certain accounts receivable accrued on January 1, 1939, and petitioner's opening inventory on that date, when computing, on the accrual basis, the income of the petitioner, whose books were kept on that basis but who...
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