Scotland Mills, Inc. v. Commissioner

Scotland Mills, Inc. v. Commissioner. Edinburgh Corporation v. Commissioner.

Scotland Mills, Inc. v. Commissioner

Docket Nos. 90139, 90148.

United States Tax Court

T.C. Memo 1965-48; 1965 Tax Ct. Memo LEXIS 282; 24 T.C.M. (CCH) 265; T.C.M. (RIA) 65048;

March 5, 1965

Richard E. Thigpen, 129 W. Trade St., Charlotte, N.C., and Richard E. Thigpen, Jr., for the petitioners. Wallace E. Whitmore, and John L. Ridenour, III, for the respondent.

FORRESTER

Memorandum Findings of Fact and Opinion

FORRESTER, Judge: The respondent determined deficiencies in the income taxes of the petitioners as follows:

Scotland…