NEW YORK WATER SERVICE CORPORATION v. COMMISSIONER

Docket No. 16076.

12 T.C. 780 (1949)

NEW YORK WATER SERVICE CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated May 19, 1949.


Attorney(s) appearing for the Case

Francis L. Casey, Esq., for the petitioner.

Henry C. Clark, Esq., for the respondent.


In this proceeding petitioner seeks a redetermination of deficiencies determined by the Commissioner in its income tax for the years 1941, 1942, and 1943 in the respective amounts of $5,139.67, $7,305.83, and $7,313.42, and in its declared value excess profits tax for 1943 in the amount of $106.81, and it seeks a refund of alleged overpayments of income tax for the years 1941 and 1942 in the respective sums of $84,166.75 and $78,071.77. Of the issues included by petitioner...

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