United States Tax Court November 28, 1952, Docket Nos. 36396, 36397 (Woody v. Commissioner)

lead-opinion

OPINION.

Arundell, Judge:

The first issue arises from the following facts: During the years 1943 through 1945, the petitioner and another, doing business as partners, made installment sales of merchandise which they reported under the installment basis provisions of section 44 (a)1 of the Internal Revenue Code.