Markle v. Commissioner

C. N. Markle v. Commissioner.

Markle v. Commissioner

Docket No. 5439.

United States Tax Court

1946 Tax Ct. Memo LEXIS 232; 5 T.C.M. (CCH) 221; T.C.M. (RIA) 46069;

March 28, 1946

Homer L. Bruce, Esq., 16th Floor, Niels Esperson Bldg., Houston, Texas, for the petitioner. James L. Backstrom, Esq., for the respondent.

HARRON

Memorandum Findings of Fact and Opinion

HARRON, Judge: Respondent determined a deficiency in income tax for the year 1941 in the amount of $84,387.65. The deficiency is due to respondent's determination that petitioner received amounts under a distribution by a corporation in complete…