RICHMOND, FREDERICKSBURG & POTOMAC RAILROAD CO. v. COMMISSIONER

Docket No. 1024-70.

62 T.C. 174 (1974)

RICHMOND, FREDERICKSBURG AND POTOMAC RAILROAD COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed May 14, 1974.


Attorney(s) appearing for the Case

Frank W. Hardy, for the petitioner.

Robert K. Dixon, for the respondent.


TANNENWALD, Judge:

Respondent determined deficiencies in Federal income taxes against the petitioner for the taxable years 1962, 1963, and 1964 in the following amounts:

    Year                          Deficiency
    1962 ---------------------       $35,398
    1963 ---------------------           633
    1964 ---------------------        70,897

Also for determination are the overpayments in income tax claimed by the...

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