GAGE BROTHERS AND CO. v. COMMISSIONER

Docket No. 17273.

13 T.C. 472 (1949)

GAGE BROTHERS AND COMPANY, AN ILLINOIS CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated September 30, 1949.


Attorney(s) appearing for the Case

Richard H. Tyrrell, Esq., and Patrick W. Cotter, Esq., for the petitioner.

H. H. Hart, Esq., for the respondent.


This proceeding is brought for the redetermination of deficiencies in petitioner's excess profits tax for the taxable years ended November 30, 1942 and 1943, in the amounts of $4,534.17 and $6,466.92, respectively. Petitioner claims an overpayment of $50,063.72. Respondent, in his notice of deficiency, also determined overpayment in Federal income tax for the years ended November 30, 1942 and 1943, in the amounts of $39.28 and $3...

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