CUMMINS-COLLINS FOUNDATION v. COMMISSIONER

Docket No. 20719.

15 T.C. 613 (1950)

THE CUMMINS-COLLINS FOUNDATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated November 15, 1950.


Attorney(s) appearing for the Case

James E. Fahey, Esq., for the petitioner.

Ralph W. Harbert, Jr., Esq., for the respondent.


This proceeding involves deficiencies in income and declared value excess-profits taxes and penalties as follows:

-----------------------------------------------------------------------------------------------
                                             |            |         | Declared value |
              Fiscal year ending             | Income tax | Penalty | excess-profits | Penalty
                                             |            |         ...

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