MERCHANTS WAREHOUSE CO., INC. v. COMMISSIONER

Docket No. 42297.

15 T.C.M. 1162 (1956)

T.C. Memo. 1956-221

Merchants Warehouse Company, Inc. v. Commissioner.

United States Tax Court.

Filed September 28, 1956.


Attorney(s) appearing for the Case

William Waller, Esq., American Trust Building, Nashville, Tenn., and Lawrence Dortch, Esq., for the petitioner. J. Frost Walker, Esq., and W. Preston White, Jr., Esq., for the respondent.


Memorandum Findings of Fact and Opinion

This proceeding involves deficiencies in income taxes, declared value excess profits taxes, and excess profits taxes determined against Merchants Warehouse Company, Inc., (hereinafter referred to as petitioner), as follows:

  Year       Tax                    Deficiency

  1943    Income ...............    $ 3,091.98
          D. V. E. P. T. .......        674.57
          Excess Profits .......      2,700...

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