ROOSEVELT HOTEL, INC. v. COMMISSIONER

Docket No. 25810.

12 T.C.M. 568 (1953)

Roosevelt Hotel, Inc. v. Commissioner.

United States Tax Court.

Entered May 22, 1953.


Attorney(s) appearing for the Case

Sidney U. Hiken, Esq., 231 South LaSalle Street, Chicago, Ill., for the petitioner. Rigmor O. Carlsen, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

The Commissioner has determined deficiencies in income and declared value excess profits taxes for 1944 in the respective amounts of $42,210.28 and $4,797.68.

The respondent concedes that the petitioner is entitled to a deduction for New York State franchise tax in the amount of $2,427.91. Effect will be given to the concession under Rule 50....

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