Opinion
36568-21
02-06-2023
SYED A. NABI, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
ORDER AND DECISION
Elizabeth A. Copeland, Judge
This case is calendared for trial at the Trial Session of the Court set to commence on February 13, 2023, in Philadelphia, Pennsylvania.
On December 7, 2021, petitioner timely filed a Petition based upon a Notice of Deficiency dated October 4, 2021. The Notice of Deficiency was issued for taxable year 2019, stating that there is a deficiency in income tax of $109,844.00 and a penalty under I.R.C. § 6662 of $21,969.00.
On January 13, 2023, respondent filed with the Court a Motion for Entry of Decision. Respondent informed the Court that they had determined there was no deficiency in income tax, nor penalty under I.R.C. § 6662 due from petitioner for taxable year 2019. In light of respondent's concession granting petitioner full relief requested in the Petition, the Court shall grant respondent's motion.
Upon due consideration, and for cause, it is
ORDERED that Respondent' Motion for Entry of Decision, filed with the Court on January 13, 2023, is granted in that it is further
ORDERED AND DECIDED that there is no deficiency in income tax due from petitioner for taxable year 2019, and there is no penalty under I.R.C. § 6662 due from petitioner for taxable year 2019.