This case involves an income tax deficiency for the taxable year 1946 in the amount of $140.15. The only issue is whether the sum of $1,355.71 received by petitioner in 1946 from the Cochrane Corporation Pension Trust is ordinary income as determined by respondent or long term capital gain as reported by petitioner.
FINDINGS OF FACT.
Petitioner is an individual residing in Philadelphia, Pennsylvania. His income tax return for the taxable year was filed with...
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