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CITIZENS NATIONAL BANK AND TRUST COMPANY v. COMMISSIONER

Docket No. 3584.

4 T.C.M. 703 (1945)

Citizens National Bank and Trust Company v. Commissioner

United States Tax Court.

Entered June 25, 1945.

Attorney(s) appearing for the Case

Early L. Gilbert, C.P.A., Landsdale, Pa., for the petitioner. William H. Best, Jr., Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The Commissioner has determined deficiencies in petitioner's income tax as follows: $118.52 for 1939 and $445.53 for 1940.

The deficiency for 1939 is due to two adjustments, namely: (a) Rental income $718.25 and (b) Other income $159.79. These adjustments were explained in the deficiency notice as follows:

(a) There has been included in gross income for the year 1939 an amount of $718.25, representing rental...

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