LEVY v. COMMISSIONER

Docket No. 5375.

4 T.C.M. 641 (1945)

Harold M. Levy v. Commissioner.

United States Tax Court.

Entered June 20, 1945.


Attorney(s) appearing for the Case

Charles Kurz, C. P. A., 285 Madison Ave., New York 17, N. Y., for the petitioner. William F. Evans, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

SMITH, Judge:

This proceeding is for the redetermination of a deficiency in income tax for the calendar year 1941 in the amount of $3,976.63, nearly all of which deficiency is contested. The petitioner alleges that the respondent erred in the determination of the deficiency by disallowing the deduction from gross income of $10,123.31 "representing the special interest of Miriam Levy in the net profit for that calendar...

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