Birch Ranch & Oil Co. v. Commissioner

Birch Ranch & Oil Company, a corporation, v. Commissioner.

Birch Ranch & Oil Co. v. Commissioner

Docket No. 8720.

United States Tax Court

1948 Tax Ct. Memo LEXIS 230; 7 T.C.M. (CCH) 152; T.C.M. (RIA) 48040;

March 24, 1948

George Acret, Esq., 650 S. Grand Ave., Los Angeles, Calif., for the petitioner. Earl C. Crouter, Esq., for the respondent.

KERN

Memorandum Findings of Fact and Opinion

KERN, Judge: Respondent determined deficiencies in petitioner's income taxes and declared value excess-profits taxes for the taxable years ended September 30, 1941 and 1942, as follows:

Declared Value

Excess-Profits

Year

In…