BARSTOW RODEO AND RIDING CLUB, INC. v. COMMISSIONER

Docket No. 36395.

12 T.C.M. 1351 (1953)

Barstow Rodeo and Riding Club, Inc. v. Commissioner.

United States Tax Court.

Entered November 30, 1953.


Attorney(s) appearing for the Case

Waldo Willhoft, Esq., 415 Anderson Building, San Bernardino, Calif., for the petitioner. Donald P. Chehock, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

BRUCE, Judge:

Respondent has determined deficiencies in declared value excess profits tax, income tax, and penalties of the petitioner, as follows:

     Year           Tax          Deficiency   Penalty

  9/27/45 to    Declared Value
    12/31/45    Excess Profits..$    62.71    $ 15.68
  9/27/45 to    Income .........    103.08      25.77
    12/31/45
        1946    Income .........    329.57  ...

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