G & J Inv. Corp. v. Commissioner

G & J INVESTMENT CORP., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

G & J Inv. Corp. v. Commissioner

Docket No. 5689-71.

United States Tax Court

T.C. Memo 1973-231; 1973 Tax Ct. Memo LEXIS 58; 32 T.C.M. (CCH) 1091; T.C.M. (RIA) 73231;

October 17, 1973, Filed

Daniel C. George, for the petitioner.

Frank C. Hider, Jr., for the respondent.

TANNENWALD

MEMORANDUM FINDINGS OF FACT AND OPINION

TANNENWALD, Judge: Respondent determined deficiencies in petitioner's income tax of $5,000 for 1967 and $5,500 for 1968. The sole question is whether petitioner is precluded from claiming a separate…