Allegheny Forging Co. v. Commissioner

Allegheny Forging Company v. Commissioner.

Allegheny Forging Co. v. Commissioner

Docket No. 7827.

United States Tax Court

1947 Tax Ct. Memo LEXIS 236; 6 T.C.M. (CCH) 415; T.C.M. (RIA) 47102;

April 23, 1947

S. C. Pugliese, Esq., for the petitioner. Stanley L. Drexler, Esq., for the respondent.

MURDOCK

Memorandum Findings of Fact and Opinion

The Commissioner determined for 1941 a deficiency of $83.85 in declared value excess-profits tax and a penalty of $20.96, and deficiencies of $1,436.41 and $13,470.49 in excess profits tax for 1940 and 1941 and a penalty for 1941 of $3,367.62. The only issue for…