SEATRAIN LINES, INC. v. COMMISSIONER

Docket No. 106152.

1 T.C.M. 711 (1943)

Seatrain Lines, Inc. v. Commissioner.

United States Tax Court.

Entered March 5, 1943.


Attorney(s) appearing for the Case

Charles S. Cunningham, Esq., for the petitioner. Ellyne E. Strickland, Esq., for the respondent.


Memorandum Opinion

STERNHAGEN, Judge:

This proceeding involving deficiencies of $145.45 and $11,459.46, income tax for 1937 and 1938, respectively, has been settled by agreement as to all issues except the right of petitioner to a dividend paid credit for 1938. That issue, it is agreed, is controlled by the decision of the United States Supreme Court in Helvering v. Sabine Transportation Co., Inc., 318 U.S. 306 [43...

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