The Commissioner determined a deficiency in income tax for the fiscal year ended January 31, 1948, in the amount of $25,489.24.
The sole issue is whether the executors properly credited net income for the fiscal year ended January 31, 1948, to beneficiaries so as to be entitled to deductions under section 162 (c), Internal Revenue Code.
FINDINGS OF FACT.
The stipulated facts are so found and the stipulations are incorporated herein by this reference...
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.
