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WALMOR, INC. v. COMMISSIONER

Docket No. 15954.

7 T.C.M. 372 (1948)

Walmor, Inc. v. Commissioner.

United States Tax Court.

Entered June 18, 1948.

Attorney(s) appearing for the Case

Clemens R. Frank, Esq., and J. Leslie Morgan, (an officer), 6007 Euclid Ave., Cleveland, Ohio, for the petitioner. Lawrence R. Bloomenthal, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The Commissioner determined deficiencies as follows:

                     Declared Value
      Income Tax     Excess-Profits Tax

  1943    $1,124.00    $303.53
  1944    672.14    313.81
  1945    630.58    288.70

The issues for decision are, first, whether the Commissioner erred in disallowing the excess over $6,000 a year claimed as salary for the president and principal stockholder of the petitioner...

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