McCullough Tool Company v. Commissioner of Internal Revenue

CURTIS, District Judge.

This petition for review involves federal excess profit taxes for the years 1951 and 1952. On January 9, 1957, the Commissioner of Internal Revenue notified the petitioner of deficiencies in the respective amounts of $104,690.01 and $86,898.80. Petitioner then filed a petition with the Tax Court for redetermination of the deficiencies under the provisions of Section 272 of the Internal Revenue Code of 1939. The Tax Court determined these deficiencies for the years 1951 and 1952 in the respective amounts of .$126,104.46 and $740.52. Petitioner then filed this petition…