Levy v. Commissioner

1962 T.C. Memo. 263, 21 T.C.M. 1411, 1962 Tax Ct. Memo LEXIS 45

Opinion

Joseph P. Levy and Estelle Levy v. Commissioner.

Levy v. Commissioner

Docket No. 90727.

United States Tax Court

T.C. Memo 1962-263; 1962 Tax Ct. Memo LEXIS 45; 21 T.C.M. (CCH) 1411; T.C.M. (RIA) 62263;

November 8, 1962

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David M. Scheffer, Esq., One State St., Boston, Mass., for the petitioners. Albert R. Doyle, Esq., for the respondent.

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RAUM

Memorandum Opinion

RAUM, Judge: The Commissioner determined deficiencies in income tax against petitioners in the amounts of $21,209.44 and $27,014.48 for the years 1952 and 1953, respectively. As a result of an agreement of the parties the amount of the deficiency claimed by the Government for the year 1953 has been reduced to $7,477.58.

The facts have been fully stipulated, and we adopt the stipulation as our findings. The issue is substantially the same as that decided in such cases as , affirmed (C.A. 1); , affirmed (C.A. 2). We see no reason to reach a different result here.

Decision will be entered for the respondent.