Smith's Heating, Inc. v. Commissioner

Smith's Heating, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent

Smith's Heating, Inc. v. Commissioner

Docket No. 25647

United States Tax Court

24 T.C. 533; 1955 U.S. Tax Ct. LEXIS 154;

June 29, 1955, Filed

Decision will be entered for the respondent.

Sec. 722 (c), 1939 Code. -- Petitioner failed to establish a fair and just amount representing normal earnings if petitioner had been in business during the base period years; relief denied.

Jules G. Korner, 3rd, Esq., and A. T. Allen, C. P. A., for the petitioner.

George LeBlanc, Esq., and Edward E. Pigg, Esq., for the respondent.

Harron…