HAMILL COAL CORPORATION v. COMMISSIONER

Docket No. 35614.

14 T.C.M. 218 (1955)

T.C. Memo. 1955-68

Hamill Coal Corporation, a Dissolved Corporation, Frank Correale, Palmer Correale and Fred Correale, Directors at the Time of Dissolution and Statutory Trustees v. Commissioner.

United States Tax Court.

Filed March 23, 1955.


Attorney(s) appearing for the Case

Thomas P. Glassmoyer, Esq., and Fred L. Rosenbloom, Esq., 17th Floor, Packard Building, Philadelphia, Pa., for the petitioner. William G. Handfield, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

WITHEY, Judge:

The respondent determined a deficiency in the income tax of the petitioner for the year 1947 in the amount of $11,077.85. The sole issue for determination is whether the respondent erred in determining that the sum of amounts paid by petitioner during the taxable year to a strip mining contractor is to be excluded from the petitioner's gross income from a certain coal mine in determining depletion allowance...

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