Memorandum Findings of Fact and Opinion
Respondent determined a deficiency in petitioner's income tax for the calendar year 1947 in the amount of $4,975.98. The determination was based upon the bank deposit method, gross receipts being determined on the basis of deposits in a bank in Chattanooga, Tennessee. At the hearing, it developed that petitioner also had a bank account in Cincinnati, Ohio. Respondent filed an amended answer under section 272(e) of the Internal...
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