Motors Secs. Co. v. Commissioner

Motors Securities Company, Inc. v. Commissioner.

Motors Secs. Co. v. Commissioner

Docket No. 31656.

United States Tax Court

1952 Tax Ct. Memo LEXIS 50; 11 T.C.M. (CCH) 1074; T.C.M. (RIA) 52316;

October 30, 1952

Sidney M. Cook, Esq., P.O. Box 77, Shreveport, La., for the petitioner. F. S. Gettle, Esq., for the respondent.

OPPER

Memorandum Findings of Fact and Opinion

OPPER, Judge: Respondent determined deficiencies against petitioner as follows:

Year Tax

Deficiency

1944 Income

$ 8,841.76

1945 Income

38,692.49

Total

$ 47,534.25

1944 Declared-Value Excess Prof-

its

6,527.78

1945 Declared-Value Excess Prof-

its

24,774.0…