Memorandum Opinion
VAN FOSSAN, Judge:
Respondent determined a deficiency of $157.14 in petitioner's income tax for 1947. Petitioner alleges error as to three items.
In the first item, petitioner claims that in computing his opening inventory for a newly-established liquor business he is entitled to take up the sum of $500 on account of 10 cases of "off brands" of liquor which he personally had on hand from a previous business venture. Such liquor...
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