FIRST NATIONAL BANK AND TRUST COMPANY OF KALAMAZOO v. COMMISSIONER

Docket No. 109760.

2 T.C.M. 346 (1943)

The First National Bank and Trust Company of Kalamazoo, a National Banking Corporation v. Commissioner.

United States Tax Court.

Entered June 29, 1943.


Attorney(s) appearing for the Case

Herbert J. Stapleton, Esq., for the petitioner. Philip M. Clark, Esq., for the respondent.


Memorandum Opinion

MELLOTT, Judge:

This proceeding involves a deficiency in income tax for the year 1939 in the amount of $4,730.42. Some of the adjustments made by the respondent to petitioner's net income are conceded to have been proper.

[The Facts]

The facts are found to be as stipulated. For present purposes they are summarized and depicted in the following schedule:

  Gross income for year 1934 ........... $144...

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