Memorandum Findings of Fact and Opinion
ATKINS, Judge:
The respondent determined deficiencies in income tax against the petitioner for the years 1947 and 1949 in the respective amounts of $2,203.16 and $4,223.57. The question presented is whether the respondent erred in disallowing as a deduction for 1949 the remaining unamortized cost of a lease, $34,713.10, and allowing only $5,409.84. The disallowance resulted in a computation by the respondent of net...
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