JAMES HANLEY COMPANY v. COMMISSIONER

Docket No. 52425.

15 T.C.M. 509 (1956)

T.C. Memo. 1956-99

The James Hanley Company v. Commissioner.

United States Tax Court.

Filed April 30, 1956.


Attorney(s) appearing for the Case

A. Peter Quinn, Jr., Esq., Hospital Trust Building, Providence, R. I., for the petitioner. James R. McGowan, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The Commissioner determined deficiencies in petitioner's income tax and declared value excess profits tax as follows:

  Year               Tax              Deficiency

  1943    Income ..................   $25,341.92
  1943    Declared value excess
            profits ...............     1,659.48
  1944    Income ..................    36,089.87
  1945    Income ..................    11,700.46

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