The respondent determined a deficiency in petitioner's income tax for the calendar year 1939 in the amount of $12,902.26. From numerous assignments of error made in the petition and denial thereof in the answer we deduce the following issues as raised by the pleadings: (1) Whether the money and fair market value of other property received by petitioner in settlement of a suit filed by him against the National Hotel Co. et al. constitutes ordinary income under section 22 of...
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