ALLEGHENY COUNTY AUTO MART, INC. v. COMMISSIONER

Docket No. 38166.

12 T.C.M. 427 (1953)

Allegheny County Auto Mart, Inc. v. Commissioner.

United States Tax Court.

Entered April 21, 1953.


Attorney(s) appearing for the Case

Samuel M. Rosenzweig, Esq., 1401 Law and Finance Building, Pittsburgh, Pa., for the petitioner. Edward L. Cobb, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The Commissioner determined a deficiency of $6,996.01 in income tax of the petitioner for 1948. The only issue is whether the Commissioner erred in disallowing an alleged loss of $14,000 on the disposition of the property at 5860 Baum Boulevard.

Findings of Fact

The petitioner, a Pennsylvania corporation, filed its return for 1948 with the collector of internal revenue for the Twenty-third District of Pennsylvania...

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