FREEMAN BUILDING COMPANY v. COMMISSIONER

Docket No. 16692.

8 T.C.M. 186 (1949)

The Freeman Building Company (formerly Freeman Stores, Inc.) v. Commissioner.

United States Tax Court.

Entered February 3, 1949.


Attorney(s) appearing for the Case

H. E. Maag, Esq., Rand Towers, Minneapolis, Minn., for the petitioner. T. A. Steele, Jr., Esq., for the respondent.


Memorandum Findings of Fact and Opinion

This proceeding involves the following deficiencies in income, declared value excess profits, and excess profits taxes for the fiscal years ended January 31, 1943, and January 31, 1944:

       Taxes                       1943        1944

  Income .....................  $   218.51  $    18.49
  Declared value excess
    profits ..................    2,354.17    1,249.39
  Excess profits .............   13...

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