American Electric Co. v. Commissioner

American Electric Company, Ltd. v. Commissioner.

American Electric Co. v. Commissioner

Docket No. 2125-63.

United States Tax Court

T.C. Memo 1966-76; 1966 Tax Ct. Memo LEXIS 205; 25 T.C.M. (CCH) 428; T.C.M. (RIA) 660076;

April 13, 1966

Howard K. Hoddick, 318 First National Bank Bldg., Honolulu, Hawaii, for the petitioner. James B. Booher, for the respondent.

TIETJENS

Memorandum Findings of Fact and Opinion

TIETJENS, Judge: The respondent determined a deficiency in petitioner's income tax for the fiscal year ending October 31, 1959 in the amount of $25,322.20. The issues are whether respondent erred…