SEABROOK v. COMMISSIONER

Docket No. 9927.

6 T.C.M. 1273 (1947)

L. W. Seabrook v. Commissioner.

United States Tax Court.

Entered December 12, 1947.


Attorney(s) appearing for the Case

Robert Ash, Esq., Munsey Bldg., Washington 4, D. C., Carl F. Bauersfeld, Esq., and James D. A. Holley, C. P. A., Tampa Theater Bldg., Tampa, Fla., for the petitioner. F. L. Van Haafton, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HILL, Judge:

Respondent determined a deficiency in petitioner's income tax for the year ending June 30, 1944, in the amount of $54,610.31. The deficiency results from adjustments affecting the income of the fiscal years ending June 30, 1943 and 1944. Due to the forgiveness feature applicable to these years the deficiency relates only to the latter year. The question involves the validity for income tax purposes of...

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