This proceeding was brought for a redetermination of a deficiency of $4,622.78 in petitioner's income tax for 1940.
The only litigated issue is the inclusion in petitioner's income, under the 3 per cent annuity provision of Internal Revenue Code, section 22 (b) (2), of $4,910.43 representing a portion of the amounts received by petitioner from certain insurance companies in 1940.
The case was submitted upon a stipulation of facts and evidence adduced at the...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.