C. AND C. BEVERAGE, INC. v. COMMISSIONER

Docket Nos. 30787, 30788.

13 T.C.M. 649 (1954)

T. C. Memo. 1954-95

C. and C. Beverage, Inc. v. Commissioner.

United States Tax Court.

Filed July 12, 1954.


Attorney(s) appearing for the Case

George E. H. Goodner, Esq., Munsey Building, Washington, D. C., and Dewey R. Roark, Jr., Esq., for the petitioner. Everett E. Smith, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

BRUCE, Judge:

Respondent determined deficiencies in petitioner's income taxes for the years ended October 31, 1946, 1947, and 1949, in the amounts of $1,731.90, $5,657.40, and $906.72, respectively. The proceedings were consolidated for hearing.

The issues for decision are:

(1) Whether, for the purpose of computing petitioner's taxable net income for the years ended October 31, 1946, 1947, and 1949...

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