Involved in this proceeding is a deficiency in income tax for the year 1943 in the amount of $18,256.52.
Petitioner having conceded certain adjustments made by respondent, the principal issue that remains is whether respondent erred in treating a part of the net proceeds received by petitioner in 1943 on the sale by him of his interest in a partnership as his distributive share of the net income of the partnership for the period prior to the sale. Petitioner, on his...
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