Friend's Wine Cellars, Inc. v. Commissioner

Friend's Wine Cellars, Inc. v. Commissioner.

Friend's Wine Cellars, Inc. v. Commissioner

Docket No. 5459-70.

United States Tax Court

T.C. Memo 1972-149; 1972 Tax Ct. Memo LEXIS 108; 31 T.C.M. (CCH) 740; T.C.M. (RIA) 72149;

July 10, 1972

Walter W. Burton, for the petitioner. Donald W. Mosser, for the respondent. 741

DAWSON

Memorandum Opinion

DAWSON, Judge: Respondent determined deficiencies in petitioner's Federal income taxes for the years 1967 and 1968 in the amounts of $25,262.03 and $24,157.78, respectively.

The primary issue for decision is whether the petitioner, part of whose stock was held in…