NEW YORK TRAP ROCK CORPORATION v. COMMISSIONER

Docket No. 11400.

8 T.C.M. 436 (1949)

New York Trap Rock Corporation v. Commissioner.

United States Tax Court.

Entered May 5, 1949.


Attorney(s) appearing for the Case

Joseph Diehl, Fackenthal, Esq., 230 Park Ave., New York, N. Y., for the petitioner. Clay C. Holmes, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

The respondent determined a deficiency in income tax for the year 1939 in the amount of $19,902.95. That deficiency resulted from the disallowance of certain items which were deducted in the return. Petitioner now concedes that disallowance of the deductions was correct. However, in its petition, the petitioner has claimed that it erroneously included in its income for 1939, as reported in its return...

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