J. W. Perry v. Commissioner

J. W. Perry and Ora R. Perry v. Commissioner.

J. W. Perry v. Commissioner

Docket No. 1978.

United States Tax Court

1945 Tax Ct. Memo LEXIS 355; 4 T.C.M. (CCH) 14; T.C.M. (RIA) 45005;

January 4, 1945

Ellis D. Bever, Esq., James D. Dye, Esq., and William S. Hogsett, Esq., for the petitioners. Orris Bennett, Esq., for the respondent.

DISNEY

Memorandum Findings of Fact and Opinion

DISNEY, Judge: This proceeding involves the redetermination of a deficiency of $30,325.55 in income tax for 1937. The issue is whether the amount of $63,500 received in 1937 under the terms of a transaction made in 1936…