UNION TELEPHONE COMPANY v. COMMISSIONER

Docket No. 10564.

7 T.C.M. 42 (1948)

Union Telephone Company v. Commissioner.

United States Tax Court.

Entered January 28, 1948.


Attorney(s) appearing for the Case

Milton E. Carter, Esq., 1 N. La Salle St., Chicago 2, Ill., for the petitioner. Gene W. Reardon, Esq., for the respondent.


Memorandum Opinion

TYSON, Judge:

This proceeding involves an income tax deficiency of $20,521.09 for the calendar year 1941, determined by respondent against petitioner, a Michigan corporation which has its principal place of business at Owosso, Michigan, and which owns and operates telephone exchanges, properties, and systems within that state. Petitioner kept its books on the accrual basis and made its tax return for the period involved on that basis....

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