PARK HOSIERY MILLS v. COMMISSIONER

Docket No. 16378.

8 T.C.M. 564 (1949)

Park Hosiery Mills v. Commissioner.

United States Tax Court.

Entered June 8, 1949.


Attorney(s) appearing for the Case

George E. H. Goodner, Esq., Munsey Bldg., Washington, D. C., for the petitioner. Homer F. Benson, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The Commissioner determined deficiencies for fiscal years ended June 30, as follows:

                                  Declared           Excess
                    Income   Value Excess-Profit     Profits
                      Tax            Tax              Tax

  1941 ..........  $211.78         $195.19          $385.06
  1942 ..........   363.23          212.53           572.02
  1943 ..........    33...

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