Annapolis Federal Sav. & Loan Asso. v. Commissioner

ANNAPOLIS FEDERAL SAVINGS AND LOAN ASSOCIATION, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Annapolis Federal Sav. & Loan Asso. v. Commissioner

Docket No. 4100-70

United States Tax Court

T.C. Memo 1972-243; 1972 Tax Ct. Memo LEXIS 14; 31 T.C.M. (CCH) 1206; T.C.M. (RIA) 72243;

December 6, 1972, Filed

D. L. Mitchell and Thomas A. O'Neil, for the petitioner. Randolph D. Mason, for the respondent.

HALL

MEMORANDUM FINDINGS OF FACT AND OPINION

@HALL, Judge: Respondent determined a deficiency in petitioner's 1967 Federal income tax in the amount of $23,844.07.

Petitioner claimed a $169,334 net…