LEHMAN v. COMMISSIONER

Docket No. 5887.

7 T.C. 1088 (1946)

ALLAN S. LEHMAN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated November 5, 1946.


Attorney(s) appearing for the Case

Floyd F. Toomey, Esq., and John P. Lipscomb, Jr., Esq., for the petitioner.

Thomas H. Lewis, Esq., for the respondent.


This proceeding involves deficiencies in income tax for the calendar years 1937 and 1938 in the amounts of $50,062.42 and $7,356.74, respectively. Petitioner claims an overpayment for the same years of $15,699.76 and $4,983.14.

The deficiencies are due to several adjustments to petitioner's net income as disclosed by his returns for the years 1937 and 1938 which the petitioner contests by appropriate assignments of error. The parties agreed by stipulation to an adjustment...

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