TOWLE v. COMMISSIONER

Docket Nos. 48122, 48123.

14 T.C.M. 521 (1955)

T.C. Memo. 1955-141

Elmer A. Towle v. Commissioner. Mary Towle v. Commissioner.

United States Tax Court.

Filed May 31, 1955.


Attorney(s) appearing for the Case

Joseph Hartman, Esq., Clark Building, Jacksonville, Fla., and Louis Safer, Esq., for the petitioners. A. F. Barone, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

OPPER, Judge:

Respondent determined deficiencies in petitioners' income taxes and penalties as follows:

------------------------------------------------------------------------------
                                                     Understatement
                                                     and Failure to
                                 ...

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