Union Commerce Bank v. Commissioner

The Union Commerce Bank and Subsidiaries, Union Properties, Inc., Parksafe, Inc., The Daisy Hill Company v. Commissioner.

Union Commerce Bank v. Commissioner

Docket No. 75094.

United States Tax Court

T.C. Memo 1961-260; 1961 Tax Ct. Memo LEXIS 91; 20 T.C.M. (CCH) 1359; T.C.M. (RIA) 61260;

September 15, 1961

Thomas V. Koykka, Esq., and Fred D. Kidder, Esq., for the petitioners. Clarence C. Roby, Esq., and Frank W. Hardy, Esq., for the respondent.

OPPER

Memorandum Findings of Fact and Opinion

OPPER, Judge: The following deficiencies are in controversy:

Year

Deficiency

1953

$212,982.53

1954

90,159.12

1955

136,858…