The Commissioner determined a deficiency in petitioner's income tax for the taxable year ended December 31, 1941, in the amount of $1,972.90. The only question presented is whether the Commissioner erred in disallowing a deduction claimed for a bad debt loss.
FINDINGS OF FACT.
Petitioner is a resident of Raleigh, North Carolina, who filed his income tax return for the year 1941 with the collector of internal revenue for the district of North Carolina. The...
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