PENNROAD CORPORATION v. COMMISSIONER

Docket No. 33309.

21 T.C. 1087 (1954)

THE PENNROAD CORPORATION AND AFFILIATED COMPANIES, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated March 31, 1954.


Attorney(s) appearing for the Case

William R. Spofford, Esq., and Charles S. Jacobs, Esq., for the petitioner.

Brooks Fullerton, Esq., for the respondent.


Respondent determined deficiencies in the income taxes of petitioner as follows:

Year                                                 Deficiency

1945 -------------------------------------------     $30,516.15
1946 -------------------------------------------      14,831.00
1947 -------------------------------------------   1,209,268.41

Both petitioner and respondent have conceded or abandoned in their briefs certain items in the deficiency...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases