The Commissioner determined deficiencies in petitioners' income tax in the amounts of $11,530.44, $23,501, and $16,040 for the calendar years 1967, 1968, and 1969, respectively. Petitioner acquired two orange groves, paying $4,500 per acre in respect of each of them over a period of approximately 4 years each. The principal question is whether portions of such amounts may be allocated to services for "management and care" of the groves performed by the seller and thus treated...
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.
