Yiannias v. Commission of Internal Revenue

GARDNER, Chief Judge.

Petitioner seeks review of the decision of the Tax Court determining a deficiency in his income "taxes for • the calendar year 1943. The basic tacts out of which this controversy arose, as found by the Tax Court, may be briefly stated.

Petitioner filed a joint return with his wife, Stella, for the year 1942, but filed a separate return for 1943. He 'held a lease on a theater building in Dubque, Iowa, known as the Avon Theater: On September 1, 1937, as lessee, he joined in an agreement with the lessee of .the Singer-Dubuque Corporation and the owner of Grand Opera House,…