250 Hudson St. Corp. v. Commissioner

250 Hudson Street Corporation v. Commissioner.

250 Hudson St. Corp. v. Commissioner

Docket No. 7468.

United States Tax Court

1946 Tax Ct. Memo LEXIS 112; 5 T.C.M. (CCH) 722; T.C.M. (RIA) 46205;

August 9, 1946

Harold F. Noneman, Esq., 40 Wall St., New York 5, N. Y., for the petitioner. Conway Kitchen, Esq., for the respondent.

LEMIRE

Memorandum Findings of Fact and Opinion

LEMIRE, Judge: Respondent determined deficiencies in petitioner's income and declared value excess-profits tax as follows:

Declared

Value Excess-

Year

Income Tax

Profits Tax

1940

$ 9,080.48

$4,519.58

1941

12,122.81

4,216.90

The determination of…