W. Hines v. Commissioner

W. R. Frank Hines v. Commissioner.

W. Hines v. Commissioner

Docket No. 11877.

United States Tax Court

1948 Tax Ct. Memo LEXIS 219; 7 T.C.M. (CCH) 219; T.C.M. (RIA) 48049;

April 12, 1948

H. Cecil Kilpatrick, Esq., for the petitioner. E. L. Corbin, Esq., for the respondent.

JOHNSON

Memorandum Findings of Fact and Opinion

JOHNSON, Judge: The Commissioner determined a deficiency of $24,427.86 in petitioner's income and victory tax for 1943, in part by including in income 25 percent of the profits of an undertaking business for the period April 1-December 31, 1943, which profits were credited to his sister…