Apollo Steel Co. v. Commissioner

Apollo Steel Company v. Commissioner.

Apollo Steel Co. v. Commissioner

Docket No. 3436.

United States Tax Court

1945 Tax Ct. Memo LEXIS 237; 4 T.C.M. (CCH) 387; T.C.M. (RIA) 45128;

April 13, 1945

Louis Caplan, Esq., 1124 Frick Bldg., Pittsburgh, Pa., for the petitioner. Robert H. Kinderman, Esq., for the respondent.

LEECH

Memorandum Findings of Fact and Opinion

LEECH, Judge: This proceeding involves a deficiency in Federal income, declared value excess-profits, and excess-profits taxes for the year 1941, as follows:

Income tax

$ 5,847.94

Declared value excess-profits tax

82.96

Excess-profits tax

14,345.86

The…