TODD v. COMMISSIONER

Docket No. 14471.

7 T.C.M. 715 (1948)

F. Byron Todd v. Commissioner.

United States Tax Court.

Entered October 1, 1948.


Attorney(s) appearing for the Case

Millard L. Midonick, Esq., and Martin Wolman, Esq., 415 Lexington Ave., New York, N. Y., for the petitioner. J. Frost Walker, Jr., Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The Commissioner determined deficiencies and additions to the tax for negligence with respect to the income and victory tax of the petitioner for the calendar years 1943, 1944 and 1945 in the following amounts:

                                       5 per cent
  Year                     Deficiency   Addition

  1943 ..................  $21,587.36   $1,433.75
  1944 ..................   10,602.34      530.12...

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