STEWART, Circuit Judge.
This is a petition by the taxpayer to review a decision of the Tax Court as to his income tax liability for the year 1950. The sole question involved is whether the court erred in sustaining the Commissioner's disallowance of a worthless debt deduction claimed by the petitioner in his return for that year.
The facts as found by the Tax Court may be summarized as follows:
The petitioner has been engaged in the lumber business...
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.