ADVANCE MACHINERY EXCHANGE, INC. v. COMMISSIONER

Docket No. 15920.

8 T.C.M. 84 (1949)

Advance Machinery Exchange, Inc. v. Commissioner.

United States Tax Court.

Entered January 25, 1949.


Attorney(s) appearing for the Case

Frank T. Kleiger, Esq., and James A. Ronayne, Esq., 120 Broadway, New York, N. Y., for the petitioner. T. R. Wickersham, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

DISNEY, Judge:

This case involves deficiencies in declared value excess profits tax and excess profits tax in the amounts of $1,346.24 and $40,539.31, respectively, for the year 1942.

The issues to be determined are as follows: (1) Did the respondent err in attributing to the petitioner the net income of Awon Holding Corporation, Blachman Machinery Company, Inc., and Joseph Blachman, individually, (hereinafter...

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