MUTUAL LOAN AND SAVINGS COMPANY v. COMMISSIONER

Docket No. 15508.

8 T.C.M. 203 (1949)

Mutual Loan and Savings Company of West Palm Beach, Florida, a Florida Corporation v. Commissioner.

United States Tax Court.

Entered February 28, 1949.


Attorney(s) appearing for the Case

William H. Cook, Esq., West Palm Beach, Fla., for the petitioner. Newman A. Townsend, Jr., Esq., for the respondent.


Memorandum Opinion

LEECH, Judge:

Respondent has determined a deficiency in income tax of $1,458.63 and a deficiency in personal holding company surtax of $1,883.21 for the calendar year 1942. By amendment to the answer, the respondent asks an increase in the deficiency in income tax to $1,526.13. The case was submitted upon a stipulation of facts which we include herein by reference as our findings of fact. The question for decision is whether petitioner...

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