C. C. BRADLEY & SON, INC. v. COMMISSIONER

Docket No. 112107.

2 T.C. 564 (1943)

C. C. BRADLEY & SON, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated August 12, 1943.


Attorney(s) appearing for the Case

Laurence Sovik, Esq., for the petitioner.

Francis S. Gettle, Esq., for the respondent.


OPINION.

ARUNDELL, Judge:

The Commissioner determined deficiencies in income tax for the calendar years 1939 and 1940 in the respective amounts of $353.02 and $485.50. The deficiencies resulted from an adjustment of depreciation claimed for each year and the disallowance of a bad debt in 1940. The correctness of these adjustments is not disputed. The only question is whether petitioner, which was in receivership...

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