Petitioner assails respondent's determination of a deficiency of $5,520 in income tax for 1940 resulting from attributing to petitioner 75 percent of the net income of an enterprise instead of 50 percent as reported by him.
FINDINGS OF FACT.
Petitioner, a resident of Rock Hill, South Carolina, filed his income tax return with the collector for the district of South Carolina.
In October 1908, without any capital, petitioner started in the business...
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