Vesuvius Crucible Co. v. Commissioner

Vesuvius Crucible Company v. Commissioner.

Vesuvius Crucible Co. v. Commissioner

Docket No. 3236-62.

United States Tax Court

T.C. Memo 1965-144; 1965 Tax Ct. Memo LEXIS 187; 24 T.C.M. (CCH) 750; T.C.M. (RIA) 65144;

May 25, 1965

Charles C. Arensberg, for the petitioner. Lawrence L. Wilson, for the respondent.

DAWSON

Memorandum Findings of Fact and Opinion

DAWSON, Judge: Respondent determined a deficiency in the income tax of petitioner for the year 1957 in the amount of $9,360. The sole issue for decision is whether petitioner is entitled to deduct from income for the year 1957 payments totaling…