J. R. Holsey Sales Co. v. Commissioner

J. R. Holsey Sales Co. v. Commissioner.

J. R. Holsey Sales Co. v. Commissioner

Docket No. 1025.

United States Tax Court

1945 Tax Ct. Memo LEXIS 202; 4 T.C.M. (CCH) 500; T.C.M. (RIA) 45163;

May 8, 1945

Edward E. Burke, C.P.A., 1 Newark Ave., Jersey City, N.J., for the petitioner. Paul E. Waring, Esq., for the respondent.

KERN

Memorandum Findings of Fact and Opinion

The Commissioner determined deficiencies in petitioner's income tax, declared-value excess profits tax and excess-profits tax, for the calendar year 1940 in the respective amounts of $1,114.19, $820.51, and $1,515.67. These deficiencies…