Claude C. Wood Co. v. Commissioner

Claude C. Wood Co. v. Commissioner.

Claude C. Wood Co. v. Commissioner

Docket No. 87592.

United States Tax Court

T.C. Memo 1962-26; 1962 Tax Ct. Memo LEXIS 281; 21 T.C.M. (CCH) 117; T.C.M. (RIA) 62026;

February 9, 1962

Robert H. Mullen, Esq., and Frank T. Andrews, CPA, 593 Market St., San Francisco, Calif., for the petitioner. James Booher, Esq., for the respondent.

OPPER

Memorandum Findings of Fact and Opinion

OPPER, Judge: Of a deficiency determined in petitioner's 1958 income tax of $9,347.35, $8,760.00 is in controversy. The sole issue is whether petitioner is entitled to deduct percentage…