THE WHEELER INSULATED WIRE COMPANY v. COMMISSIONER

Docket No. 43882.

22 T.C. 380 (1954)

THE WHEELER INSULATED WIRE COMPANY, INCORPORATED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed May 21, 1954.


Attorney(s) appearing for the Case

Peter Miller, Esq., for the petitioner.

James R. McGowan, Esq., for the respondent.


OPINION.

MURDOCK, Judge:

The Commissioner determined that the petitioner is liable as transferee of the Wheeler Insulated Wire Company (hereafter called Connecticut) for deficiencies in its tax consisting of $7,761.62 in income tax, $2,491.43 in declared value excess-profits tax, and $25,873.95 in excess profits tax for the taxable year ended August 31, 1942, and $3,077.59 in excess profits tax for the taxable year ended August 31, 1943. The issues...

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