Builders' Exchange of Texas, Inc. v. Commissioner

Builders' Exchange of Texas, Inc. v. Commissioner.

Builders' Exchange of Texas, Inc. v. Commissioner

Docket No. 6120-70.

United States Tax Court

T.C. Memo 1972-172; 1972 Tax Ct. Memo LEXIS 86; 31 T.C.M. (CCH) 844; T.C.M. (RIA) 72172;

August 14, 1972

Muckleroy McDonnold, 805 NBC Bldg., San Antonio, Tex., for the petitioner. W. Read Smith, for the respondent.

TANNENWALD

Memorandum Findings of Fact and Opinion

TANNENWALD, Judge: Respondent determined the following deficiencies in petitioner's income tax:

Taxable Year Ended

Deficiency

June 30, 1967

$1,007.81

June 30, 1969

438.67

We are asked to determine whether…