The respondent determined deficiencies in income tax against the petitioner of $16,385.08 for the taxable year ended July 3, 1959, and $6,254.12 for the taxable year ended July 2, 1960. The parties have stipulated that petitioner's taxable income for the taxable year ended July 3, 1959, is increased in the amount of $14,362.79 as the result of a partial disallowance of a loss claimed on the sale of real estate rather than the amount of $19,284.66 shown in the notice of deficiency...
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.