TERMINAL INVESTMENT CO. v. COMMISSIONER

Docket No. 110002.

2 T.C. 1004 (1943)

TERMINAL INVESTMENT COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated November 22, 1943.


Attorney(s) appearing for the Case

John H. Freeman, Esq., for the petitioner.

Samuel G. Winstead, Esq., for the respondent.


This proceeding involves an income tax deficiency for the calendar year 1939 in the amount of $2,738.28. Certain adjustments are uncontested and will be taken care of under Rule 50.

The case was presented upon stipulated facts and exhibits. The stipulated facts not set forth in our findings of fact are incorporated therein by reference.

FINDINGS OF FACT.

The Terminal Investment Co. (hereinafter referred to...

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