BUFFALO SHOOK COMPANY, INC. v. COMMISSIONER

Docket No. 26257.

10 T.C.M. 820 (1951)

Buffalo Shook Company, Inc. v. Commissioner.

United States Tax Court.

Entered August 29, 1951.


Attorney(s) appearing for the Case

William T. Hodge, Esq., c/o Leach Calkins & Scott, Mutual Bldg., Richmond, Va., for the petitioner. Sanford M. Stoddard, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

For the taxable year 1945, respondent has determined a deficiency in petitioner's excess profits tax liability in the amount of $10,436.23. Petitioner contests that portion of the deficiency arising from respondent's disallowance of $2,000 of the $14,000 deducted as compensation for officers, and his disallowance of the sum of $500 deducted in 1945 as capital stock tax.

Findings of Fact

Petitioner is a manufacturing...

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