WILSON ATHLETIC GOODS MFG. CO., INC. v. COMMISSIONER

Docket No. 43880.

13 T.C.M. 913 (1954)

T. C. Memo. 1954-163

Wilson Athletic Goods Mfg. Co., Inc. v. Commissioner.

United States Tax Court.

Filed September 29, 1954.


Attorney(s) appearing for the Case

Howard C. Parson, Esq., and Louis R. Simpson, Esq., 4100 South Ashland Avenue, Chicago, Ill., for the petitioner. David H. Nelson, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

WITHEY, Judge:

The respondent has determined deficiencies in the petitioner's income tax as follows:

  Year          Deficiency

  1947 .......  $1,529.88
  1948 .......   5,398.20
  1949 .......   5,957.20

The only issue presented for our determination is whether the respondent erred in determining that petitioner was not entitled to deduct amounts representing amortization of the cost...

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