KESTERSON LUMBER CORPORATION v. COMMISSIONER

Docket No. 127.

3 T.C.M. 432 (1944)

Kesterson Lumber Corporation v. Commissioner.

United States Tax Court.

Entered May 9, 1944.


Attorney(s) appearing for the Case

Carl E. Davidson, Esq., 1525 Yeon Bldg., Portland, Ore., for the petitioner. Earl C. Crouter, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

DISNEY, Judge:

The present proceeding involves the redetermination of deficiencies for the calendar year 1937 of $8,583.47 in income tax together with a penalty of $4,291.74, and of $1,478.31 in excess profits tax together with a penalty of $739.15.

The first question presented is whether the Commissioner erred in disallowing deductions from petitioner's gross income in the amount of $28,500, claimed to have...

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