The Commissioner originally determined a deficiency of $1,011.48 in the petitioner's income tax for the year 1938. In an amended answer, the Commissioner determined an additional deficiency of $2,433.29, making a total asserted deficiency of $3,444.77. The petitioner claims that he is entitled to a refund of $2,928.
There are five questions raised in this proceeding: (1) Whether lump-sum payments made to petitioner's wife for the serial rights to literary works of...
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