Kausal v. Commissioner

Benedict A. Kausal, Jr. v. Commissioner.

Kausal v. Commissioner

Docket No. 55497.

United States Tax Court

T.C. Memo 1956-289; 1956 Tax Ct. Memo LEXIS 8; 15 T.C.M. (CCH) 1500; T.C.M. (RIA) 56289;

December 31, 1956

Daniel G. Glasser, Esq., for the petitioner. J. Bruce Donaldson, Esq., for the respondent.

KERN

determined deficiencies in petitioner's income taxes for 1951 and 1952 as follows:

Year

Deficiency

1951

$800.85

1952

460.10

The issues for decision are:

1. Whether the respondent is barred from assessing deficiencies for 1951 and 1952 based upon the disallowance of the carryovers of a net operating loss…