Beaumont Farms, Inc. v. Commissioner

Beaumont Farms, Inc. v. Commissioner.

Beaumont Farms, Inc. v. Commissioner

Docket No. 17463.

United States Tax Court

1949 Tax Ct. Memo LEXIS 151; 8 T.C.M. (CCH) 589; T.C.M. (RIA) 49153;

June 20, 1949

R. B. Cannon, Esq., 903 Sinclair Bldg., Fort WorthTex., and Frank O. Taylor, C.P.A., for the petitioner. Allen T. Akin, Esq., for the respondent.

JOHNSON

Memorandum Findings of Fact and Opinion

JOHNSON, Judge: The Commissioner determined against petitioner the following deficiencies in tax:

Declared Value

Excess

Income

Excess-Profits

Profits

Year

Tax

Tax

Tax

1943

$4,315.00

$ 587.91

$ 6,236.46

1944

2,883.55

23,593.44

1945

8,…