YALE AVENUE CORPORATION v. COMMISSIONER

Docket Nos. 7500-70, 7501-70.

58 T.C. 1062 (1972)

YALE AVENUE CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. FORTY-FIRST STREET CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed September 28, 1972.


Attorney(s) appearing for the Case

Paul R. Hodgson, for the petitioners.

Thomas J. Miller, for the respondent.


FORRESTER, Judge:

For their taxable years ended July 31, 1967, respondent has determined deficiencies in petitioners' income taxes of $7,312.65 in docket No. 7500-70 and $2,206.98 in docket No. 7501-70. He has also determined additions to those taxes under section 6651(a)1 in the amounts of $1,828.16 in docket No. 7500-70 and $551.74 in docket No. 7501-70. The issues for our decision are whether petitioners realized income from...

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