Court Opinion

ID: 6804062
Source: CourtListenerOpinion
Date Created: 2022-07-23 18:44:36.924555+00
Date Added: 2024-06-11T16:03:21.959661
License: Public Domain

OPINION.
Korner, Chairman:
The sole issue presented here is the right of the petitioner to deduct 25 per cent of his income received in 1924 as his share of partnership profits for the fiscal year ended March *31031, 1924, under the provisions of sections 1200 and 1201 of the Bevenue Act of 1924. The resolution of this issue is controlled by the prior decisions of the Board in Charles Colip, 5 B. T. A. 123, and C. A. Weaver, 5 B. T. A. 313.

Judgment will he entered for the respondent.