LAKE YALE GROVES, INC. v. COMMISSIONER

Docket No. 19998.

10 T.C.M. 553 (1951)

Lake Yale Groves, Inc. v. Commissioner.

United States Tax Court.

Entered June 11, 1951.


Attorney(s) appearing for the Case

Douglas D. Felix, Esq., and R. F. Maguire, Esq., for the petitioner. Bernard D. Hathcock, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

TURNER, Judge:

The respondent has determined deficiencies in the petitioner's income and excess profits taxes and penalty as follows:

----------------------------------------------------------------------------------------
                                                Declared
     Fiscal Year                   Income     Value Excess       Excess
        Ended                        Tax       Profits...

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