Automatic Cigarette Sales Corp. v. Commissioner

Automatic Cigarette Sales Corporation v. Commissioner.

Automatic Cigarette Sales Corp. v. Commissioner

Docket No. 24650.

United States Tax Court

T.C. Memo 1955-15; 1955 Tax Ct. Memo LEXIS 323; 14 T.C.M. (CCH) 52; T.C.M. (RIA) 55015;

January 25, 1955

Thurman Hill, Esq. for the petitioner. James C. Maddox, Esq., and William M. Fay, Esq., for the respondent.

LEMIRE

Memorandum Findings of Fact and Opinion

This proceeding involves deficiencies in income tax, declared value excess-profits tax, and excess profits tax for 1944 in the following amounts:

Income tax

$ 3,670.72

Declared value excess-profits tax

5,886.…