KLEIN v. COMMISSIONER

Docket No. 24895.

18 T.C. 804 (1952)

HARRY KLEIN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated July 25, 1952.


Attorney(s) appearing for the Case

Llewellyn A. Luce, Esq., for the petitioner.

William W. Oliver, Esq., for the respondent.


Respondent determined a deficiency in petitioner's income tax of $6,107.87 for 1943. In his deficiency notice respondent explained the principal adjustment as follows:

(b) In your return, there was included in taxable income $24,429.07, representing only 75 per cent of your distributive income from the partnership, Allen's, in the total amount of $32,257.10 [sic]. Accordingly, the amount of $8,143.03 has been included...

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