Memorandum Findings of Fact and Opinion
TIETJENS, Judge:
This proceeding contests a deficiency of $48,546.65 in income tax determined for the year 1943. The year 1942 is involved because of the provisions of the Current Tax Payment Act of 1943.
The only question is whether the assets of a partnership of which petitioner was a member should be depreciated over a life of five years as determined by respondent or over a two-year period as claimed by...
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