SOUTHWEST CONSOLIDATED CORPORATION v. COMMISSIONER

Docket No. 6650.

5 T.C.M. 6 (1946)

Southwest Consolidated Corporation v. Commissioner.

United States Tax Court.

Entered January 11, 1946.


Attorney(s) appearing for the Case

A. O. Dawson, Esq., 61 Broadway, New York 6, N. Y., for the petitioner. William A. Schmitt, Esq., for the respondent.


Memorandum Opinion

OPPER, Judge:

Respondent determined deficiencies in income and declared value excess profits taxes for the year 1942 in the respective amounts of $49,228.74 and $12,588.42 which petitioner contests. The case was submitted on a stipulation of facts and the brief testimony of a single witness. The return for the period in question was filed with the collector for the district of Delaware.

[The Facts]

The stipulated...

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