Memorandum Findings of Fact and Opinion
DISNEY, Judge:
This proceeding involves a deficiency in income tax in the amount of $2,778.52, and a penalty in the amount of $138.93, for the year 1943.
The issues to be determined are, as follows: (1) Did the respondent err in calculating petitioner's taxable income by taking 20 per cent of his reported gross income; (2) did the respondent err in including in the petitioner's taxable income certain unexplained...
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