PARSONS v. COMMISSIONER

Docket No. 17226.

16 T.C. 256 (1951)

CHARLES CUTLER PARSONS, (C. C. PARSONS), PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated January 31, 1951.


Attorney(s) appearing for the Case

A. D. Moffat, Esq., for the petitioner.

T. M. Mather, Esq., for the respondent.


The Commissioner determined a deficiency in petitioner's income tax for the taxable year 1943 in the amount of $570.36.

The question before the Court is: Did the Commissioner employ the correct method in computing the taxable gain derived by petitioner from an exchange of life insurance policies?

FINDINGS OF FACT.

The facts stipulated are so found and incorporated herein by reference.

Petitioner, Charles Cutler Parsons, is an individual with...

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