CONANT MACHINE & STEEL COMPANY, INC. v. COMMISSIONER

Docket No. 49853.

14 T.C.M. 648 (1955)

T.C. Memo. 1955-170

Conant Machine & Steel Company, Inc. v. Commissioner.

United States Tax Court.

Filed June 28, 1955.


Attorney(s) appearing for the Case

Samuel Freedman, C. P. A., 199 Washington Street, Boston, Mass., for the petitioner. John M. Doukas, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

JOHNSON, Judge:

Respondent determined deficiencies in petitioner's 1945 declared value excess profits and excess profits tax in the amounts of $89.23 and $3,760.95, respectively. The sole issue before us, and which relates to the excess profits tax deficiency, is what is petitioner's equity invested capital?

Findings of Fact

Some of the facts are stipulated and are incorporated herein by this reference...

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