King Oil Co. v. Commissioner

King Oil Company v. Commissioner.

King Oil Co. v. Commissioner

Docket No. 1714.

United States Tax Court

1944 Tax Ct. Memo LEXIS 106; 3 T.C.M. (CCH) 1006; T.C.M. (RIA) 44314;

September 27, 1944

Harry C. Weeks, Esq., Sinclair Bldg., Fort Worth, Tex., for the petitioner. Frank B. Appleman, Esq., for the respondent.

ARUNDELL

Memorandum Findings of Fact and Opinion

This is a proceeding to redetermine deficiencies in income and excess profits taxes for the calendar year 1939, in the amounts of $9,693.29 and $3,428.09, respectively. Certain concessions have been made by both parties and will be given effect…