Brost Motors, Inc. v. Commissioner

Brost Motors, Inc. v. Commissioner.

Brost Motors, Inc. v. Commissioner

Docket No. 15505.

United States Tax Court

1948 Tax Ct. Memo LEXIS 51; 7 T.C.M. (CCH) 806; T.C.M. (RIA) 48226;

October 29, 1948

Daniel G. Yorkey, Esq., Marine Trust Bldg., Buffalo, N. Y., and Albert R. Mugel, Esq., for the petitioner. Clay Holmes, Esq., for the respondent.

HARLAN

Memorandum Findings of Fact and Opinion

HARLAN, Judge: The Commissioner determined deficiencies of $423.54 in income tax and $31,287.50 in excess profits tax for the calendar year 1944. The issue is whether petitioner sustained a deductible loss in the…