BLOCK ONE THIRTY-NINE, INC. v. COMMISSIONER

Docket Nos. 10925, 26636, 26637.

17 T.C. 1364 (1952)

BLOCK ONE THIRTY-NINE, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated February 21, 1952.


Attorney(s) appearing for the Case

Charles H. Draper, Esq., and Marshall McDonald, Esq., for the petitioner.

Irene F. Scott, Esq., for the respondent.


These proceedings have been consolidated.

In Docket No. 10925, for the fiscal year ending February 28, 1943, the deficiency notice discloses that the Commissioner has determined an overassessment in petitioner's income tax of $1,933.46 and a deficiency in petitioner's excess profits tax of $5,903.37. The deficiency notice further states:

It is held that you have not established that the tax computed under subchapter E of chapter 2 of the Internal Revenue Code...

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