R. C. Owen Co. v. Commissioner

R. C. Owen Company (a Kentucky corporation) v. Commissioner.

R. C. Owen Co. v. Commissioner

Docket No. 91234.

United States Tax Court

T.C. Memo 1964-120; 1964 Tax Ct. Memo LEXIS 216; 23 T.C.M. (CCH) 673; T.C.M. (RIA) 64120;

April 30, 1964

William Waller, American Trust Bldg., Nashville, Tenn., and Robert G. McCullough, for the petitioner. William F. Franklin, for the respondent.

DAWSON

Memorandum Findings of Fact and Opinion

DAWSON, Judge: Respondent determined deficiencies in petitioner's income tax for the taxable years and in the amounts set forth below:

Taxable Year

Deficiency

1954

$4,145.15

1955

4,368.0…