GOLDEN CONSTRUCTION CO. v. COMMISSIONER OF INT. REV.

No. 5154.

228 F.2d 637 (1955)

GOLDEN CONSTRUCTION COMPANY, Inc., Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Tenth Circuit.

December 24, 1955.


Attorney(s) appearing for the Case

Robert A. Coldsnow, Wichita, Kan. (E. Lael Alkire and B. G. Tudor, Wichita, Kan., were with him on the brief), for petitioner.

Stanley P. Wagman, Washington, D. C. (H. Brian Holland, Asst. Atty. Gen., Ellis N. Slack and Lee A. Jackson, Attys. Dept. of Justice, Washington, D. C., were with him on the brief), for respondent.

Before BRATTON, HUXMAN, and PICKETT, Circuit Judges.


PICKETT, Circuit Judge.

This is a petition to review a decision of the Tax Court. It involves an income tax deficiency of Golden Construction Company, Inc., for the fiscal year ending July 31, 1950, in the sum of $8,727.29. The question presented is the reasonableness of the compensation paid the petitioner's president who was the sole stockholder except for those who owned the shares necessary to qualify directors.

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