WILLIAM KOCH MOTORS, INC. v. COMMISSIONER

Docket No. 54793.

14 T.C.M. 1322 (1955)

T.C. Memo. 1955-334

William Koch Motors, Inc. v. Commissioner.

United States Tax Court.

Filed December 30, 1955.


Attorney(s) appearing for the Case

Ernest Woodward, II, Esq., Kentucky Home Life Building, Louisville, Ky., for the petitioner. Charles R. Hembree, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

The Commissioner determined deficiencies in income tax for the fiscal years ended June 30, 1951 and 1952, in the amounts of $6,259.90, and $14,339.57, respectively. Certain adjustments in each year are uncontested. The question to be decided is whether amounts withheld in each taxable year by a finance company upon purchasing from petitioner automobile notes and security instruments, which amounts were...

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