National Auto. Dealers Assn. v. Commissioner

National Automobile Dealers Association v. Commissioner.

National Auto. Dealers Assn. v. Commissioner

Docket No. 108670.

United States Tax Court

1943 Tax Ct. Memo LEXIS 250; 2 T.C.M. (CCH) 291; T.C.M. (RIA) 43291;

June 17, 1943

Charles W. Bishop, Esq., for the petitioner. Philip A. Bayer, Esq., for the respondent.

HARRON

Memorandum Findings of Fact and Opinion

HARRON, Judge: The respondent determined deficiencies in income tax and excess profits tax for the years 1934, 1935, and 1938, with penalties thereon as follows:

Income Tax

Years

Liability

Assessed

Deficiency

25% Penalty

5% Penalty

1934

$14,133.78

None

$14,…