By this case petitioner seeks a redetermination of a deficiency in income tax, determined for the calendar year 1941, in the amount of $3,858.15.
The issue presented is whether respondent erred in including the net amount of $19,439.95 received by petitioner during the year 1941 in settlement of a lawsuit as part of his taxable income, in accordance with the provisions of section 22 (a) of the Internal Revenue Code. From evidence, both documentary and oral, we make...
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