Respondent determined a deficiency in income tax of petitioner for the taxable year 1948 in the amount of $10,192.30.
By stipulation petitioner has abandoned certain allegations of error contained in his petition. The sole remaining issue involves the proper treatment to be accorded receipts by petitioner in 1948 as assignee of certain insurance renewal commissions.
FINDINGS OF FACT.
The stipulation of facts filed by the parties with exhibits attached...
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