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TEXAS TRAILERCOACH, INC. v. COMMISSIONER

Docket No. 52388.

27 T.C. 575 (1956)

TEXAS TRAILERCOACH, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed December 21, 1956.

Attorney(s) appearing for the Case

Truxton Shaw, Esq., and Wentworth T. Durant, Esq., for the petitioner.

Carswell H. Cobb, Esq., for the respondent.

The respondent has determined a deficiency in petitioner's income tax of $2,587.68 for the fiscal year ended June 30, 1952. The deficiency is due to adjustments made to the net income reported by petitioner on its return, as follows:

Unallowable deduction and additional income:
   (a) Legal and audit ----------------------------    $250.00
   (b) Dealers Finance reserve --------------------   8,375.59

Petitioner...

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