Grolier Soc'y Inc. v. Commissioner

The Grolier Society Inc. v. Commissioner.

Grolier Soc'y Inc. v. Commissioner

Docket No. 35911.

United States Tax Court

1953 Tax Ct. Memo LEXIS 132; 12 T.C.M. (CCH) 1039; T.C.M. (RIA) 53304;

August 31, 1953

Gordon W. McKean, Esq., 36 West 44th Street, New York, N. Y., for the petitioner. Clay C. Holmes, Esq., for the respondent.

OPPER

Memorandum Findings of Fact and Opinion

OPPER, Judge: Respondent determined a deficiency in excess profits tax against petitioner for the year 1944 in the amount of $113,947.95. The sole issue remaining in controversy is whether an amount based on the cost of answering…