BUDD v. COMMISSIONER

Docket No. 32759.

13 T.C.M. 77 (1954)

J. T. Budd, Jr. v. Commissioner.

United States Tax Court.

Entered January 29, 1954.


Attorney(s) appearing for the Case

James A. Taylor, Esq., Harvey Building, West Palm Beach, Fla., for the petitioner. James R. Harper, Jr., Esq., for the respondent.


Memorandum Findings of Fact and Opinion

Respondent determined deficiencies in petitioner's individual income taxes in the years and amounts as follows:

  Year                               Deficiency

  1944 ..........................    $33,933.11
  1945 ..........................     29,937.37
  1946 ..........................      6,483.08
  1947 ..........................     28,049.48

The sole issue presented is whether for the...

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