DAVENPORT FOUNDATION v. COMMISSIONER

Docket No. 10427.

6 T.C.M. 1335 (1947)

The Davenport Foundation v. Commissioner.

United States Tax Court.

Entered December 24, 1947.


Attorney(s) appearing for the Case

Melvin D. Wilson, Esq., 819 Title Insurance Bldg., Los Angeles 13, Calif., and J. Rex Dibble, Esq., for the petitioner. E. A. Tonjes, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

LEECH, Judge:

This proceeding involves Federal income and declared value excess-profits tax deficiencies, as follows:

-------------------------------------------------
                                   Declared
                                     Value
                                 Excess-profits
  Year              Income Tax        Tax
-------------------------------------------------
  1940...

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