LAKE ERIE & PITTSBURG RAILWAY COMPANY v. COMMISSIONER

Docket No. 3558.

5 T.C. 558 (1945)

THE LAKE ERIE AND PITTSBURG RAILWAY COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated August 6, 1945.


Attorney(s) appearing for the Case

Gerald E. Dwyer, Esq., and Leo Manville, Esq., for the petitioner.

F.S. Gettle, Esq., for the respondent.


This proceeding involves income and declared value excess profits tax deficiencies for the years 1937 to 1940, inclusive, as follows:

--------------------------------------------------------------------
                                       |            | Declared value
                  Year                 | Income tax | excess profits
                                       |            |      tax
---------------------------------------|------------|--...

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