CUNNINGHAM v. COMMISSIONER

Docket No. 35571.

12 T.C.M. 1315 (1953)

Carrie C. Cunningham v. Commissioner.

United States Tax Court.

Entered November 24, 1953.


Attorney(s) appearing for the Case

E. Byron Singleton, Esq., 301 First National Bank Building, Amarillo, Tex., for the petitioner. George H. Seefeld, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

This proceeding involves a deficiency in income tax of $7,504.96 determined against Carrie C. Cunningham (hereinafter referred to as the petitioner) for the year 1947. By amended answer, respondent now asserts such deficiency is $8,933.78.

The issues to be decided are: (1) did petitioner, by virtue of a sales contract executed in 1947 transferring a going florist business, owned by her, to others, but retaining title...

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