SEARS v. COMMISSIONER

Docket No. 47297.

14 T.C.M. 182 (1955)

T.C. Memo. 1955-53

Gradwell L. Sears v. Commissioner.

United States Tax Court.

Filed March 10, 1955.


Attorney(s) appearing for the Case

Samuel B. Brouner, Esq., for the petitioner. Maurice E. Stark, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

WITHEY, Judge:

The respondent determined a deficiency of $37,822.16 in the petitioner's income tax for 1946 and an addition to tax under section 294(d)(2) of the Internal Revenue Code of 1939 of $3,874.08 for underestimating tax. The issues presented by the pleadings are the correctness of the respondent's action in determining (1) that a certain deposit of cash in the amount of $22,900 made by petitioner during the...

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