BELLOWS COMPANY v. COMMISSIONER

Docket No. 3477.

4 T.C.M. 443 (1945)

The Bellows Company, formerly The Bellows Claude-Neon Company v. Commissioner.

United States Tax Court.

Entered April 25, 1945.


Attorney(s) appearing for the Case

Kent H. Meyers, Esq., and Bert D. Bradley, Esq., 1121 N. B. C. Bldg., Cleveland, O., for the petitioner. Cecil H. Haas, Esq., for the respondent.


Memorandum Opinion

VAN FOSSAN, Judge:

The respondent determined deficiencies of $4,197.91 in income tax and $260.51 in declared value excess profits tax for 1941.

Four errors were alleged, of which the respondent conceded the first relating to reasonableness of salaries, and of which petitioner conceded the third and fourth relating, respectively, to long-term capital loss and an operating loss deduction. The sole question remaining for our consideration...

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