The proceeding involves the determination by the respondent against petitioner of a deficiency in income tax for the calendar year 1941 in the amount of $19,043.68. The deficiency results from an addition to the net income as disclosed by petitioner's return of an amount of $73,197.93, which the respondent, in a statement attached to the deficiency notice, explains as follows:
It is held that the amount of $73,197.93, representing trustee's commissions received by...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.