Holsey Auto Sales v. Commissioner

Holsey Auto Sales, Inc. v. Commissioner.

Holsey Auto Sales v. Commissioner

Docket No. 12756.

United States Tax Court

1948 Tax Ct. Memo LEXIS 170; 7 T.C.M. (CCH) 351; T.C.M. (RIA) 48101;

June 8, 1948

Edward E. Burke, C.P.A., 921 Bergen Ave., Jersey City, N.J., for the petitioner. Jonas M. Smith, Esq., for the respondent.

OPPER

Memorandum Findings of Fact and Opinion

OPPER, Judge: By this proceeding petitioner seeks a redetermination of deficiencies for 1943 as follows:

Income Tax

$ 94.84

Declared Value Excess-Profits Tax

388.54

Excess-Profits Tax

3,732.92

The only question before us is petitioner's right to…