United States Board of Tax Appeals December 31, 1934, Docket No. 41390. (Hannah v. Commissioner)

lead-opinion

OPINION.

Van Fossan:

The respondent determined deficiencies in tax, as follows:

Year Deficiency

1923_$6,920.42

1924_52,100.89

1925_12, 713. 33

At the hearing the parties filed a stipulation of facts in substantially the following form:

David Hannah, the petitioner, and his wife, Ethel May Hannah, are citizens of the State of Texas, and of the United States, and were married and