MEREDITH v. COMMISSIONER

Docket No. 15569.

12 T.C. 344 (1949)

OWEN MEREDITH, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated March 15, 1949.


Attorney(s) appearing for the Case

John D. McQueen, Jr., Esq., and Carl C. Jamison, C. P. A., for the petitioner.

Frank M. Thompson, Jr., Esq., for the respondent.


OPINION.

LEMIRE, Judge:

This proceeding involves an income and victory tax deficiency of $4,837.31 for 1943. The only adjustment made by respondent is for 1942 income, which is involved by reason of the forgiveness feature of the Current Tax Payment Act of 1943.

The facts have all been stipulated and are incorporated herein as set out in the written stipulation of facts filed by the parties.

The only issue presented is whether the...

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