Paul H. v. Commissioner of Internal Revenue

Petitioners seek our review of a deficiency judgment entered by the Tax Court after respondent redetermined their tax liability for the year 1958. The Tax Court ruled upon nine issues in its opinion (47 T.C. 502) (1967). The taxpayers originally sought this courts review as to eight of these issues and respondent counter-petitioned as to the ninth. Prior to hearing, however, petitioners and respondent entered into stipulations by which they agreed to reversal of the Tax Court judgment as to petitioners second and fourth issues and respondents single issue, with petitioners agreeing to withdraw issues six, seven and eight from their appeal.