I. BECK & SONS, INC. v. COMMISSIONER

Docket No. 2574.

3 T.C.M. 776 (1944)

I. Beck & Sons, Inc. v. Commissioner.

United States Tax Court.

Entered August 1, 1944.


Attorney(s) appearing for the Case

Benjamin Miller, C. P. A., 1457 Broadway, New York, N. Y., for the petitioner. Laurence F. Casey, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

SMITH, Judge:

This proceeding is for the redetermination of a deficiency in income tax for the fiscal year ended May 31, 1940, in the amount of $637.

Petitioner alleges that the respondent erred in the determination of the deficiency (1) in his disallowance of $5,000 of salaries paid to the petitioner's president and secretary, its principal stockholders, and (2) in holding that a portion of the salaries paid...

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