ROSBOROUGH v. COMMISSIONER

Docket No. 8563.

8 T.C. 136 (1947)

T. W. ROSBOROUGH, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated January 24, 1947.


Attorney(s) appearing for the Case

Carl E. Davidson, Esq., and Ralph R. Bailey, Esq., for the petitioner.

Douglas L. Barnes, Esq., and Wilford H. Payne, Esq., for the respondent.


Respondent determined against petitioner an income tax deficiency of $28,212.01 for 1941. Petitioner has conceded the correctness of certain minor adjustments made by respondent. By amended answer respondent asks an increased deficiency in the amount of $480.36, making a total of $28,692.37. Petitioner likewise does not contest the adjustment proposed in the amended answer.

The issue remaining for decision is whether a sale...

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