Winnsboro Granite Corp. v. Commissioner

This ease is here on Petitions (consolidated by order) for review of decisions of the Tax Court of the United States1 determining deficiencies in federal income taxes of the petitioners, Winnsboro Granite Corporation and its affiliate and wholly owned subsidiary, Rion Crush Stone Corporation. The Tax Court held against petitioners. In view of the clear and complete opinion of the Tax Court and our decision to affirm, only brief reference is made to the questions presented.

Petitioner, Winnsboro, engages in mining large and heavy blocks of rough granite stone which are loaded at its quarry on…