ROYAL HIGHLANDERS v. COMMISSIONER

Docket No. 107403.

1 T.C. 184 (1942)

THE ROYAL HIGHLANDERS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated December 8, 1942.


Attorney(s) appearing for the Case

L. A. Flansburg, Esq., for the petitioner.

A. R. Shannon, Esq., for the respondent.


OPINION.

MELLOTT, Judge:

The Commissioner made several adjustments to the net income shown by petitioner's returns for the calendar years 1937 and 1938 and determined deficiencies in income tax in the respective amounts of $10,729.89 and $5,686.08. Petitioner concedes that some of the adjustments are proper and that there is a deficiency in tax for each year.

Most of the basic facts are not in dispute. Those hereinafter set out have been gleaned...

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