HAVERTY REALTY & INVESTMENT CO. v. COMMISSIONER

Docket No. 112002.

3 T.C. 161 (1944)

HAVERTY REALTY & INVESTMENT COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated January 31, 1944.


Attorney(s) appearing for the Case

E. D. Smith, Jr., Esq., for the petitioner.

Bernard D. Hathcock, Esq., for the respondent.


The petition herein was filed by the Haverty Realty & Investment Co. for the purpose of redetermining deficiencies for the year 1940 in income tax, declared value excess profits tax, and excess profits tax in the amounts of $3,517.99, $1,263.39, and $3,522.95, respectively, together with a penalty, as provided for by section 291, Internal Revenue Code, of $880.74 for failure to file an excess profits tax return.

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