SHENANDOAH COMPANY v. COMMISSIONER

Docket No. 109231.

1 T.C.M. 430 (1943)

Shenandoah Company v. Commissioner.

United States Tax Court.

Entered January 16, 1943.


Attorney(s) appearing for the Case

Douglas D. Felix, Esq., for the petitioner. F. L. Van Haafton, Esq., for the respondent.


Memorandum Opinion

LEECH, Judge:

Respondent determined a deficiency against petitioner in income tax of $2,247.06 for the fiscal year ending June 30, 1938. The issue presented is the correctness of respondent's computation of surtax on undistributed profits.

[The Facts]

The pertinent facts are formally stipulated and are included by reference as our findings of fact. The petitioner is a Florida corporation organized July 2, 1935...

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