EUGENE ASHE ELECTRIC COMPANY v. COMMISSIONER

Docket No. 2649.

3 T.C.M. 852 (1944)

Eugene Ashe Electric Company v. Commissioner.

United States Tax Court.

Entered August 11, 1944.


Attorney(s) appearing for the Case

Herbert C. Wade, Esq., for the petitioner. Frank B. Appleman, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

ARUNDELL, Judge:

This proceeding involves deficiencies in income, excess profits, and declared value excess profits taxes, together with negligence and fraud penalties, as follows:


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                                                   Declared Value       5%           50...

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