Ralph P. Waterman - Page 11

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          here that there was any other correlation or connection between a           
          severance payment and a Government military pension.                        
               We accordingly hold that the severance payment here is not             
          excludable from petitioner's gross income under section 112.                
               To reflect the foregoing and because of concessions by the             
          parties,                                                                    
                                             Decision will be entered                 
                                        under Rule 155.                               
































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