OWEN-FIELDS IMPORTING CO., INC. v. COMMISSIONER

Docket No. 25216.

9 T.C.M. 1030 (1950)

Owen-Fields Importing Co., Inc. v. Commissioner.

United States Tax Court.

Entered November 17, 1950.


Attorney(s) appearing for the Case

Daniel L. Brenner, Esq., 2700 Fidelity Bldg., Kansas City, Mo., for the petitioner. Gene W. Reardon, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The respondent has determined deficiencies in income and excess profits taxes for petitioner's taxable year March 1, 1943, to October 31, 1943, in the respective amounts of $633.41 and $7,532.51, plus a 25 per cent penalty amounting to $1,883.13 for failure to file an excess profits tax return.

Some of the issues raised in the pleadings have been settled by stipulation, leaving for our consideration the following:...

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