New York Stocks, Inc. v. Commissioner

New York Stocks, Inc. v. Commissioner.

New York Stocks, Inc. v. Commissioner

Docket Nos. 107007, 108211.

United States Tax Court

1943 Tax Ct. Memo LEXIS 453; 1 T.C.M. (CCH) 590; T.C.M. (RIA) 43077;

February 12, 1943

Harris Berlack, Esq., 1 Wall St., New York City, for the petitioner. Charles Oliphant, Esq., for the respondent.

MELLOTT

Memorandum Findings of Fact and Opinion

MELLOTT, Judge: The Commissioner determined deficiencies in income tax for the fiscal years ending May 31, 1938, and May 31, 1939, in the amounts shown below. Hereinafter the years will be referred to simply as 1938 and 1939,…