LLOYD v. COMMISSIONER

Docket No. 2843.

4 T.C. 829 (1945)

H. GATES LLOYD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated February 26, 1945.


Attorney(s) appearing for the Case

Jesse R. Fillman, Esq., Wm. Clarke Mason, Esq., and Owen Biddle, Esq., for the petitioner.

William H. Best, Jr., Esq., for the respondent.


This proceeding involves the determination by the respondent against petitioner of a deficiency in income tax for the calendar year 1941 in the amount of $4,054.80.

The deficiency is the result of an addition of $5,890.52 to petitioner's net income, which addition is labeled "Income from partnership" and is explained in a statement attached to the deficiency notice as follows: "(a) Your taxable net income has been increased in accordance with revised distributable...

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