Respondent determined a deficiency in the income tax of petitioners for the calendar year 1949 in the amount of $1,239.98. Certain of the adjustments covered by the deficiency notice are not contested and will be reflected in the Rule 50 computation.
The sole issue for decision is whether payments made and legal expenses incurred in discharging liabilities for breach of covenants of title in a warranty deed conveying income-producing real property in a prior year...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
