Stockton Harbor Indus. Co. v. Commissioner

Stockton Harbor Industrial Company v. Commissioner.

Stockton Harbor Indus. Co. v. Commissioner

Docket Nos. 14654, 27870.

United States Tax Court

1952 Tax Ct. Memo LEXIS 259; 11 T.C.M. (CCH) 364; T.C.M. (RIA) 52103;

April 15, 1952

Valentine Brookes, Esq., for the petitioner. Leonard A. Marcussen, Esq., for the respondent.

TURNER

Memorandum Findings of Fact and Opinion

TURNER, Judge: Respondent has determined the following deficiencies against petitioner:

Declared

Value

Docket

Income

Excess

Excess

No.

Year

Tax

Profits Tax

Profits Tax

14654

1943

$ 247.31

27870

1944

2,484.57

$ 319.97

$ 1,903.70

1945

840.13

42,005.24

233,840.02

At…