GRACE v. COMMISSIONER

Docket No. 11352.

10 T.C. 1 (1948)

WILLIAM E. GRACE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated January 6, 1948.


Attorney(s) appearing for the Case

Eric Eades, Jr., Esq., for the petitioner.

Donald P. Chehock, Esq., for the respondent.


The respondent determined a deficiency in income and Victory tax for 1943 in the amount of $18,833.14. The computation involves income for both 1942 and 1943, pursuant to the Current Tax Payment Act of 1943. Certain adjustments made by the respondent were not challenged in the petition, and an issue raised by the respondent in his amended answer has been conceded by the petitioner. That leaves for consideration the questions:

(1) Whether petitioner's brother was doing...

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