SOLOMON v. COMMISSIONER

Docket No. 27136.

11 T.C.M. 866 (1952)

Harry M. Solomon v. Commissioner.

United States Tax Court.

Entered August 15, 1952.


Attorney(s) appearing for the Case

Richard E. Thigpen, Esq., 1903 Liberty Life Bldg., Charlotte, N. C., for the petitioner. Paul E. Waring, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

LeMIRE, Judge:

This proceeding is for a redetermination of deficiencies in income tax for the years 1945 and 1946 in the respective amounts of $10,220.69 and $7,172.79.

The issues are (1) whether the respondent properly determined that 57.5 per cent of the distributable net income of the partnership conducted under the name of S. & B. Solomon for the calendar year 1945 and the fiscal period ended June 30...

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