CHARLES M. COOKE, LTD. v. COMMISSIONER

Docket No. 104386.

2 T.C. 147 (1943)

CHARLES M. COOKE, LIMITED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated June 17, 1943.


Attorney(s) appearing for the Case

Heaton L. Wrenn, Esq., for the petitioner.

Arthur Murray, Esq., for the respondent.


OPINION.

TURNER, Judge:

The respondent has determined a deficiency in the petitioner's income tax of $961.81 and a deficiency in its personal holding company surtax of $16,783.53 for the year 1937.

The issues presented by the pleadings are (1) whether the respondent erred in not allowing a deduction of $5,940 representing unemployment relief taxes levied by the Territory of Hawaii upon dividends paid...

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