Memorandum Findings of Fact and Opinion
This proceeding involves a deficiency in income tax of petitioner determined for the taxable year 1946, in the amount of $7,754.26. At the hearing and on brief, respondent has conceded certain factors that would have the effect of reducing such determination to $5,748.94.
One issue raised by the pleadings has apparently been abandoned by petitioner.
The sole issue remaining for our consideration is whether...
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