MULLALY v. COMMISSIONER

Docket No. 5948.

5 T.C. 1376 (1945)

CARTER MULLALY, GEORGE A. HALES AND JAMES R. McBRAYER, AS TRUSTEES OF HALES-MULLALY, INC., A DISSOLVED CORPORATION, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated December 29, 1945.


Attorney(s) appearing for the Case

Charles H. Garnett, Esq., for the petitioners.

James L. Backstrom, Esq., for the respondent.


This proceeding involves excess profits tax for the fiscal year ended August 31, 1941. The petitioners are the trustees of Hales-Mullaly, Inc., a dissolved corporation, and as such are authorized to bring this action. For convenience the corporation will be referred to herein as petitioner. The Commissioner determined a deficiency in the sum of $966.32, and petitioner claims an overpayment of $209.66. Some of the facts have been stipulated and are so found. Facts found other...

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