Memorandum Findings of Fact and Opinion
DISNEY, Judge:
This case involves income tax for the calendar year 1942. Deficiency was determined in the amount of $5,124.33. Of that amount $828.93 is not contested leaving the amount in controversy $1,295.40. The sole issue presented is whether the petitioner is entitled to deduction of $10,000 because of alleged partial worthlessness of a debt due from Colonial Fuel Co. and charged off in the taxable year. From...
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