HOFFMAN RADIO CORPORATION v. COMMISSIONER

Docket No. 11683.

7 T.C.M. 433 (1948)

Hoffman Radio Corporation (Formerly Mission Bell Radio Mfg. Co., Inc.) v. Commissioner.

United States Tax Court.

Entered June 29, 1948.


Attorney(s) appearing for the Case

John B. Milliken, Esq., 937 Munsey Bldg., Washington, D. C., and Harrison Harkins, Esq., for the petitioner. Earl C. Crouter, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

DISNEY, Judge:

This proceeding involves Federal income tax, declared value excess profits tax and excess profits tax deficiencies for 1943 in the amounts of $3,279.24, $1,334.34, and $51,331.77, respectively.

The Commissioner allowed deductions as reasonable compensation for services rendered in the amount of $25,000 for H. L. Hoffman, petitioner's president and general manager, and $12,000 for W. S. Harmon...

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