Bradford Hotel Operating Co. v. Commissioner of Internal Revenue

HARTIGAN, Circuit Judge.

This is a petition brought by Bradford Hotel Operating Co. for review of a decision of the Tax Court of the United States, entered July 30, 1956, determining deficiencies in its income tax for the fiscal years ending August 31, 1948 and August 31, 1949.

Petitioner, Bradford Hotel Operating Co., under an indenture of lease dated December 20, 1946, leased to Blossom Operating Co. Inc., hereinafter referred to as Blossom, a certain parcel of real estate, together with a building (known as the Hotel Bradford), equipment, furniture and fixtures located thereon, all situate…