GATES, McDONALD AND COMPANY v. COMMISSIONER

Docket No. 11440.

6 T.C.M. 435 (1947)

Gates, McDonald and Company v. Commissioner.

United States Tax Court.

Entered April 28, 1947.


Attorney(s) appearing for the Case

Donald C. Power, Esq., and Sidney D. Griffith, Esq., Columbus, Ohio, for the petitioner. Clarence E. Price, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The Commissioner determined the following deficiencies:

                          Declared            Excess-Profits
          Income      Value Excess-Profits     Tax
  Year      Tax              Tax

  1941... $2,181.26     $2,088.81             $ 4,251.73
  1942... .........      5,521.75              32,823.72

The deficiencies resulted from numerous adjustments but the only issue raised by...

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