American Trans-Ocean Navigation Corp. v. Commissioner

American Trans-Ocean Navigation Corporation v. Commissioner.

American Trans-Ocean Navigation Corp. v. Commissioner

Docket No. 45456.

United States Tax Court

T.C. Memo 1954-140; 1954 Tax Ct. Memo LEXIS 104; 13 T.C.M. (CCH) 839; T.C.M. (RIA) 54246;

August 26, 1954, Filed

Murray M. Weinstein, Esq., for the petitioner. John J. O'Toole, Esq., for the respondent.

OPPER

Memorandum Opinion

OPPER, Judge: Respondent determined a deficiency in income tax of $31,432.25 against petitioner for 1947, all of which is in controversy. The single question is whether petitioner as the parent-affiliate of a…