Memorandum Opinion
DAWSON, Judge:
Respondent determined a deficiency in petitioner's income tax for the fiscal year ended May 31, 1963, in the amount of $13,354.48.
The only issue for decision is whether the petitioner, an accrual basis taxpayer, is required to include in its taxable income for the fiscal year ended May 31, 1962, percentage rental income of $14,119.53 for the month of May 1962, and include in its taxable income for the fiscal year...
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