Graham-Loftus Oil Co. v. Commissioner

GRAHAM-LOFTUS OIL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

ITALO OIL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Graham-Loftus Oil Co. v. Commissioner

Docket Nos. 45276, 51559.

United States Board of Tax Appeals

27 B.T.A. 1301; 1933 BTA LEXIS 1209;

April 27, 1933, Promulgated

A. Calder Mackay, Esq., and Thomas R. Dempsey, Esq., for the petitioner.

R. W. Wilson, Esq., for the respondent.

BLACK

OPINION.

BLACK: The respondent determined deficiencies in petitioner's income taxes of $2,377.70 for the year 1924, $1,264.68 for the year 1925, $1,249.27 for…