Borough Operating Corp. v. Commissioner

Borough Operating Corporation v. Commissioner.

Borough Operating Corp. v. Commissioner

Docket No. 52189.

United States Tax Court

T.C. Memo 1956-192; 1956 Tax Ct. Memo LEXIS 97; 15 T.C.M. (CCH) 1007; T.C.M. (RIA) 56192;

August 27, 1956

J. H. Landman, Esq., 50 Broad Street, New York, N. Y., Richard G. Maloney, Esq., and Clarence Brazill, Esq., for the respondent.

MULRONEY

Memorandum Findings of Fact and Opinion

The respondent determined a deficiency of $15,929.09 in the income tax of the petitioner for the year 1952. The sole issue is the amount of gain realized by the petitioner in 1952 on the sale of…