WESTATES PETROLEUM CO. v. COMMISSIONER

Docket No. 38928.

21 T.C. 35 (1953)

WESTATES PETROLEUM COMPANY (AND WHOLLY-OWNED SUBSIDIARY WESTATES PETROLEUM CORPORATION), PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated October 9, 1953.


Attorney(s) appearing for the Case

George D. Hardisty, Esq., and Herbert F. Baker, C. P. A., for the petitioners.

Aaron S. Resnick, Esq., for the respondent.


The respondent determined deficiencies in income tax against the petitioners in the years 1948 and 1949, as follows:

Year                                                       Deficiency

1948 ---------------------------------------------------    $6,660.23
1949 ---------------------------------------------------     1,026.00

The sole question in issue, after concession of other issues raised by the pleadings, is whether the amount...

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