TRAIN, Judge:
Respondent determined a deficiency in petitioner's income tax for the fiscal year ended October 31, 1950, in the amount of $14,245.82.
The issues are:
(1) Whether petitioner may exclude from gross income for the fiscal year 1950 the amount of $43,471.33 or any part thereof, the amount deferred by petitioner as unearned income resulting from a "Service Guarantee"; and
(2) Whether petitioner is entitled to a bad debt deduction...
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.
