Rio Farms, Inc. v. Commissioner

Rio Farms, Inc. v. Commissioner.

Rio Farms, Inc. v. Commissioner

Docket No. 26948.

United States Tax Court

T.C. Memo 1955-306; 1955 Tax Ct. Memo LEXIS 32; 14 T.C.M. (CCH) 1183; T.C.M. (RIA) 55306;

November 9, 1955

Thomas Fletcher, Esq., Marvin K. Collie, Esq., and Henry D. Lauderdale, Esq., for the petitioner. F. S. Gettle, Esq., for the respondent.

LEMIRE

Memorandum Findings of Fact and Opinion

This proceeding involves deficiencies in income tax, declared value excess-profits tax, and excess profits tax for the fiscal years ended August 31, 1943 to 1946, inclusive, as follows:

Declared value

excess-prof…