FIRST NATIONAL CORPORATION OF PORTLAND v. COMMISSIONER

Docket Nos. 108224, 108305, 108367, 108306 109642-109645.

2 T.C. 549 (1943)

THE FIRST NATIONAL CORPORATION OF PORTLAND, A CORPORATION, PETITIONER, ET AL., v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated August 12, 1943.


Attorney(s) appearing for the Case

George H. Koster, Esq., for the petitioners.

Thomas M. Mather, Esq., for the respondent.


The Commissioner determined deficiencies in tax against the First National Corporation of Portland (hereinafter referred to as petitioner) for the years 1937 and 1938 as follows:

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                                                  |    1937    |   1938
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Income tax -------...

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