SOUTH PENN OIL CO. v. COMMISSIONER

Docket No. 21975.

17 T.C. 27 (1951)

SOUTH PENN OIL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated July 17, 1951.


Attorney(s) appearing for the Case

Sidney B. Gambill, Esq., Thomas J. McManus, Esq., and Norman D. Keller, Esq., for the petitioner.

W. Morgan Hunter, Esq., for the respondent.


This proceeding involves deficiencies in Federal income taxes as follows:

Year                                        Amount

1942 ---------------------------------   $104,644.68
1943 ---------------------------------    166,895.22
1944 ---------------------------------     42,817.05

By amended answer the respondent asks an increased deficiency for the year 1944 in an amount which will result from the reduction from $136,222.43 to...

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