Guitar Trust Estate v. Commissioner

Guitar Trust Estate v. Commissioner.

Guitar Trust Estate v. Commissioner

Docket No. 107801.

United States Tax Court

1942 Tax Ct. Memo LEXIS 6; 1 T.C.M. (CCH) 312; T.C.M. (RIA) 42688;

12/29/1942

Percy W. Phillips, Esq., 306 Southern Bldg., Washington, D.C., for the petitioner. D. D. Smith, Esq., for the respondent.

OPPER

Memorandum Findings of Fact and Opinion

OPPER, Judge: Petitioner in this proceeding challenges respondent's determination of deficiency in its income and excess-profits tax in the amounts of $10,618.61 and $8,936.40, respectively, for the year 1937. The principal question for…