Century Die Casting Co. v. Commissioner

Century Die Casting Company v. Commissioner.

Century Die Casting Co. v. Commissioner

Docket No. 112573.

United States Tax Court

1943 Tax Ct. Memo LEXIS 415; 2 T.C.M. (CCH) 1066; T.C.M. (RIA) 43499;

March 9, 1943

A. M. DeCardy, secretary-treasurer, and E. T. Stille, director, for the petitioner. Carroll Walker Esq., for the respondent.

LEECH

Memorandum Findings of Fact and Opinion

LEECH, Judge: This proceeding involves deficiencies for the calendar year 1940 as follows:

Income tax

$260.44

Declared value excess-profits tax

250.36

Excess-profits tax

124.89

The only contested issue is whether the respondent…