DURHAM TELEPHONE COMPANY v. COMMISSIONER

Docket No. 10331.

7 T.C.M. 49 (1948)

Durham 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 $22,311.61 for the calendar year 1941 and an excess profits tax deficiency of $11,084.36 for the calendar year 1942 determined by respondent against petitioner, a North Carolina corporation which has its principal place of business at Durham, North Carolina, and which owns and operates telephone exchanges, properties, and systems within that state. Petitioner kept its books...

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