Grenada Industries, Inc. v. Commissioner of Internal Revenue

HUTCHESON, Chief Judge.

This proceeding was brought by the petitioner, Grenada Industries, Inc., for the review of a decision 1 of the Tax Court of the United States under the provisions of sections 1141 and 1142 of the Internal Revenue Code, Title 26, U.S.C.A. §§ 1141-1142. The decision under review determined deficiencies in income, declared value excess profits, and excess-profits taxes in amounts aggregating $136,383.53 for the fiscal years of the petitioner ended March 31, 1941, March 31, 1942, March 31, 1943, and March 3L 1944. All of these deficiencies resulted from the Tax Court’s…