Rountree Cotton Co. v. Comm'r

ROUNTREE COTTON CO., INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Rountree Cotton Co. v. Comm'r

No. 24014-97

United States Tax Court

113 T.C. 422; 1999 U.S. Tax Ct. LEXIS 56; 113 T.C. No. 28;

December 16, 1999, Filed

Decision will be entered under Rule 155.

Towner Leeper, for petitioner.

Gerald L. Brantley, for respondent.

Gerber, Joel

GERBER

OPINION

GERBER, JUDGE: Respondent determined income tax deficiencies in petitioner's taxable years ended August 31, 1994 and 1995, in the amounts of $ 19,094 and $ 16,944, respectively. The deficiencies are attributable to respondent's…