The respondent determined a deficiency of $262.63 in the petitioner's income tax liability for the year 1943.
The major issue is whether the petitioner is entitled to a casualty loss under the provisions of section 23 (e) (3) of the Internal Revenue Code, caused by the seizure by the German military authorities of the petitioner's guilder bank accounts in Amsterdam, Holland, or is bound by the provisions of section 127 of the Internal Revenue Code in fixing the date...
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