Able Metal Products, Inc. v. Commissioner
United States Tax Court
Held, income received by petitioner in 1954 and 1955 was "personal holding company income" within the meaning of section 543(a)(5), I.R.C. 1954.
1Opinion of the Court
Able Metal Products, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Able Metal Products, Inc. v. Commissioner
Docket No. 69038
United States Tax Court
32 T.C. 1149; 1959 U.S. Tax Ct. LEXIS 97;
August 31, 1959, Filed
Decision will be entered for the respondent.
Held, income received by petitioner in 1954 and 1955 was "personal holding company income" within the meaning of section 543(a)(5), I.R.C. 1954.
John L. Davies, Jr., Esq., for the petitioner.
William O. Allen, Esq., for the respondent.
Tietjens, Judge.
TIETJENS
The Commissioner determined deficiencies in income tax as follows:
1954
2Cases cited1 opinion
- Able Metal Products, Inc. v. CommissionerUnited States Tax Court · 1959