ROBERT GAGE COAL CO. v. COMMISSIONER

Docket Nos. 110556, 110557.

2 T.C. 488 (1943)

ROBERT GAGE COAL COMPANY, TRANSFEREE OF THE ASSETS OF MONITOR SUGAR COMPANY (DISSOLVED), PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. ROBERT GAGE COAL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated July 31, 1943.


Attorney(s) appearing for the Case

Edward S. Clark, Jr., Esq., for the petitioner.

John H. Pigg, Esq., for the respondent.


These proceedings were consolidated.

The respondent in Docket No. 110556 determined that Robert Gage Coal Co., the petitioner in both proceedings, is liable as transferee for deficiencies in income and excess profits taxes in the respective amounts of $30,472.20 and $91.18 and interest thereon due from the Monitor Sugar Co., hereinafter sometimes referred to as Monitor, for the taxable year ended March 31, 1937. Transferee liability is admitted for any tax and interest...

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