Petitioner seeks a redetermination of deficiencies in income tax of $780.40 for 1944 and $3,103.39 for 1945. Certain adjustments are not contested and one issue has been abandoned by petitioner. The issue in dispute is whether 20 per cent rather than 25 per cent of the partnership income of Collins Department Store is taxable to petitioner.
FINDINGS OF FACT.
Petitioner, a resident of Charleroi, Pennsylvania, filed returns for the periods involved with the...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
