Pacific Fin. Corp. v. Commissioner

Pacific Finance Corporation of California v. Commissioner.

Pacific Fin. Corp. v. Commissioner

Docket No. 31020.

United States Tax Court

1953 Tax Ct. Memo LEXIS 291; 12 T.C.M. (CCH) 419; T.C.M. (RIA) 53129;

April 17, 1953

Joseph D. Peeler, Esq., 819 Title Insurance Building, Los Angeles, Calif., for the petitioner. Earl C. Crouter, Esq., for the respondent.

OPPER

Memorandum Findings of Fact and Opinion

OPPER, Judge: Respondent determined a deficiency in the income tax liability of petitioner and affiliated companies totaling $15,734.84 for the year ended December 31, 1946. A depreciation adjustment is…