CALIFORNIA VEGETABLE CONCENTRATES, INC. v. COMMISSIONER

Docket No. 12544.

10 T.C. 1158 (1948)

CALIFORNIA VEGETABLE CONCENTRATES, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated June 23, 1948.


Attorney(s) appearing for the Case

A. Calder Mackay, Esq., Arthur McGregor, Esq., and Charles J. Higson, Esq., for the petitioner.

R. E. Maiden, Esq., for the respondent.


This proceeding involves deficiencies of $6,153.84 and $846.26 in declared value excess profits tax and of $76,031.67 and $44,779.20 in excess profits tax for the calendar years 1942 and 1943, respectively. The issues are whether the respondent erred in disallowing as deductions certain amounts each year as excessive compensation paid to two of petitioner's officers; whether the deferment of excess profits tax provided for in section 710 (a) (5) of the Internal Revenue Code...

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