Em. H. METTLER & SONS v. COMMISSIONER

Docket No. 12624.

8 T.C.M. 329 (1949)

Em. H. Mettler & Sons v. Commissioner.

United States Tax Court.

Entered March 30, 1949.


Attorney(s) appearing for the Case

George H. Zeutzius, Esq., and A. P. G. Steffes, Esq., 510 So. Spring St., Los Angeles, Calif., for the petitioner. W. J. McFarland, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

ARNOLD, Judge:

Respondent determined deficiencies in income and excess-profits taxes of the petitioner for the year 1942 in the amounts of $5,672.72 and $84,683.04, respectively. Error is alleged in disallowance of a part of the deduction taken for salaries. Petitioner abandoned an allegation of error in determining its average base period net income and the excess profits credit for 1942. Respondent concedes an error...

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