PABST AIR CONDITIONING CORP. v. COMMISSIONER

Docket No. 13635.

7 T.C.M. 580 (1948)

Pabst Air Conditioning Corp. v. Commissioner.

United States Tax Court.

Entered August 20, 1948.


Attorney(s) appearing for the Case

Louis Brockman, Esq., 60 East 42nd Street, New York, N. Y. (Gustave Simons, 60 East 42nd Street, New York, N. Y., with him on the brief) for the petitioner. Conway N. Kitchen, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARLAN, Judge:

The Commissioner determined deficiencies in declared value excess profits tax and excess profits tax amounting to $394.01 and $12,443.47, respectively, for the calendar year 1943 and in excess profits tax amounting to $22,781.02 for the calendar year 1944. These deficiencies resulted from the Commissioner's finding that the salary of $26,000 paid by petitioner to Charles S. Pabst, its president and sole...

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