Cummer Sons Cypress Co. v. Commissioner

Cummer Sons Cypress Company v. Commissioner.

Cummer Sons Cypress Co. v. Commissioner

Docket No. 110641.

United States Tax Court

1946 Tax Ct. Memo LEXIS 242; 5 T.C.M. (CCH) 201; T.C.M. (RIA) 46068;

March 14, 1946

John W. Donahoo, Esq., and E. W. Mitchell, Esq., 801 Florida Nat'l Bank Bldg., Jacksonville, Fla., for the petitioner. R. E. Smith, Esq., for the respondent.

HARLAN

Memorandum Opinion

HARLAN, Judge: Respondent determined a deficiency in the income tax of petitioner in the amount of $26,501.29 for the claendar year 1940.

The issues are:

Did the 4,997 shares of capital stock of The Cummer Company…