American Gypsum Co. v. Commissioner

The American Gypsum Company v. Commissioner.

American Gypsum Co. v. Commissioner

Docket No. 106317.

United States Tax Court

1944 Tax Ct. Memo LEXIS 311; 3 T.C.M. (CCH) 286; T.C.M. (RIA) 44094;

March 29, 1944

John H. Watson, Jr., Esq., Robert W. Wheeler, Esq., and Oscar D. Stern, Esq., for the petitioner. W. W. Kerr, Esq., for the respondent.

LEECH

Memorandum Opinion

LEECH, Judge: Respondent has determined a deficiency in income tax of petitioner of $15,676.08 for the calendar year 1936, of which $15,080.87 is in controversy. The disputed tax was determined by respondent as surtax on undistributed…