POWELL PRESSED STEEL COMPANY v. COMMISSIONER

Docket No. 3824.

4 T.C.M. 455 (1945)

The Powell Pressed Steel Company v. Commissioner.

United States Tax Court.

Entered May 1, 1945.


Attorney(s) appearing for the Case

Warren E. Hacker, Esq., and Paul L. Holden, Esq., 185, Union Commerce Bldg., Cleveland, Ohio, for the petitioner. Lawrence P. Bloomenthal, Esq., for the respondent.


Memorandum Opinion

VAN FOSSAN, Judge:

The respondent determined deficiencies for the year 1941 as follows:

  Income Tax ......................    $ 3,246.42
  Declared Value Excess Profits Tax      3,185.07
  Excess Profits Tax ..............     10,472.43

The sole question presented arises from respondent's action in disallowing part of the salary paid to each of four of petitioner's officers.

[The Facts]

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