AVALON INVESTMENT CORP. v. COMMISSIONER

Docket No. 104597.

2 T.C.M. 207 (1943)

Avalon Investment Corporation v. Commissioner.

United States Tax Court.

Entered May 5, 1943.


Attorney(s) appearing for the Case

John G. Ketterer, Esq., First Nat'l Bldg., Canton, O., and H. A. Mihills, C. P. A., 917 Munsey Bldg., Washington, D. C., for the petitioner. Thomas F. Callahan, Esq., for the respondent.


Memorandum Sur Decision

SMITH, Judge:

In their respective computations for entry of decision both parties are in agreement that there are no deficiencies in income tax and personal holding company surtax for 1936 but that there are deficiencies in excess profits tax and personal holding company surtax for 1937 in the respective amounts of $193.33 and $1,965.28, respectively. The petitioner contends that the correct income tax deficiency for 1937 is $233...

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