Rainbow Inn, Inc. v. Commissioner

Rainbow Inn, Inc. v. Commissioner.

Rainbow Inn, Inc. v. Commissioner

Docket No. 3652-66.

United States Tax Court

T.C. Memo 1969-217; 1969 Tax Ct. Memo LEXIS 80; 28 T.C.M. (CCH) 1160; T.C.M. (RIA) 69217;

October 15, 1969. Filed

Robert M. Taylor, for the petitioner. Giles J. McCarthy, for the respondent.

SCOTT

Memorandum Findings of Fact and Opinion

SCOTT, Judge: Respondent determined deficiencies in petitioner's income tax for the taxable years ending June 30, 1959, 1960, 1961, and 1962 and additions to tax under sections 6651(a) and 6653(a), I.R.C. 1954, 1 as follows:

*90 Taxable

Additions to tax

year

Under

Un…