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GILLESPIE v. COMMISSIONER

Docket No. 15190.

7 T.C.M. 776 (1948)

T. H. Gillespie v. Commissioner.

United States Tax Court.

Entered October 21, 1948.

Attorney(s) appearing for the Case

William F. Knox, Esq., Oliver Bldg., Pittsburgh, Pa., and John F. Tim, Esq., Berger Bldg., Pittsburgh, Pa., for the petitioner. A. W. Dickinson, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

VAN FOSSAN, Judge:

The respondent determined a deficiency of $9,261.69 in the petitioner's income and victory tax for the year 1943.

The sole question presented is whether or not a certain payment of $18,000 made to petitioner by Standard Car Finance Corporation constituted taxable income or was a gift.

Findings of Fact

The following facts were stipulated:

The petitioner resides at...

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