This proceeding involves the redetermination of deficiencies in taxes as follows: For the year 1939, income tax $326.06; for the year 1940, income tax $1,417.79, declared value excess profits tax $946.05, and excess profits tax $10,016.39. Only a part of such deficiencies determined by respondent are in controversy.
Adjustments made by the respondent to petitioner's income for 1939 included "recoveries of bad debts" in the amount of $358.96. At the hearing the parties...
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.