ALLEGHENY BROADCASTING CORPORATION v. COMMISSIONER

Docket No. 18513.

12 T.C. 552 (1949)

ALLEGHENY BROADCASTING CORPORATION, TRANSFEREE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated April 4, 1949.


Attorney(s) appearing for the Case

L. W. Eckels, Esq., for the petitioner.

Stanley L. Drexler, Esq., for the respondent.


OPINION.

BLACK, Judge:

The Commissioner determined deficiencies in the excess profits tax of KQV Broadcasting Co., transferor of $1,236.81 for the calendar year 1944 and $32,421.17 for the period January 1 to February 28, 1945. In a statement attached to the deficiency notice the Commissioner stated, among other things, as follows:

The records of this office indicate that the assets of KQV Broadcasting...

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