HOFFMAN LUMBER CO. v. COMMISSIONER

Docket No. 30899.

11 T.C.M. 579 (1952)

Hoffman Lumber Co. v. Commissioner.

United States Tax Court.

Entered June 9, 1952.


Attorney(s) appearing for the Case

Fred L. Rosenbloom, Esq., Packard Bldg., Philadelphia, Pa., and Thomas P. Glassmoyer, Esq., for the petitioner. Max J. Hamburger, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

Respondent has determined a deficiency of $7,965.38 in petitioner's income tax for the fiscal year ended February 28, 1947. The only question to be determined is whether certain amounts in excess of O. P. A. ceiling prices which petitioner allegedly paid for lumber and shingles constituted a part of the cost of goods sold. Some of the facts have been stipulated.

Findings of Fact

The stipulated facts are found...

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