Osceola Heard Davenport v. Commissioner

Osceola Heard Davenport v. Commissioner.

Osceola Heard Davenport v. Commissioner

Docket No. 38331.

United States Tax Court

1953 Tax Ct. Memo LEXIS 166; 12 T.C.M. (CCH) 856; T.C.M. (RIA) 53259; 2 Oil & Gas Rep. 1494;

July 30, 1953

Robert L. Strickland, Esq., 706 Frost National Building, San Antonio, Tex., for the petitioner. E. G. Sievers, Esq., for the respondent.

JOHNSON

Memorandum Findings of Fact and Opinion

JOHNSON, Judge: Respondent has determined the following deficiencies in income tax:

Year

Deficiency

1944

$85,323.76

1946

7,470.70

1947

28,161.05

The parties settled some of the adjustments in the…