Memorandum Findings of Fact and Opinion
DAWSON, Judge:
Respondent determined a deficiency in income tax against the petitioner for the fiscal year ended July 31, 1958, in the amount of $13,484.18. The only issue for decision is whether petitioner is entitled to a deduction of $29,866.38 for payments it made in satisfaction of the debts of a predecessor corporation.
Findings of Fact
Some of the facts have been stipulated and are so found...
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.