Pittsburgh Terminal Corp. v. Commissioner

Pittsburgh Terminal Corporation, Petitioner v. Commissioner of Internal Revenue, Respondent

Pittsburgh Terminal Corp. v. Commissioner

Docket No. 562-71

United States Tax Court

60 T.C. 80; 1973 U.S. Tax Ct. LEXIS 142; 60 T.C. No. 10;

April 23, 1973, Filed

Decision will be entered for the respondent.

Held, petitioner sustained no loss on the sale of coal lands in 1966.

Monroe Guttmann (an officer), for the petitioner.

Louis A. Boxleitner, for the respondent.

Irwin, Judge.

IRWIN

Respondent determined a deficiency of $ 58,655.37 in the income tax of petitioner for 1966. The ultimate question to be decided is…