KINGSMILL CORPORATION v. COMMISSIONER

Docket Nos. 58660, 58661.

28 T.C. 330 (1957)

KINGSMILL CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. THOMAS M. BROOKS LUMBER COMPANY, INCORPORATED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed April 30, 1957.


Attorney(s) appearing for the Case

George R. Humrickhouse, Esq., for the petitioners.

Elmer E. Lyon, Esq., for the respondent.


The respondent determined a deficiency in income tax against petitioner Kingsmill Corporation for the taxable year ended May 31, 1951, in the amount of $18,245.81. The respondent determined a deficiency in income tax against Thomas M. Brooks Lumber Company, Incorporated, for the taxable year ended May 31, 1951, in the amount of $18,245.81 as transferee of Kingsmill Corporation. The term "petitioner" will generally be used hereinafter to denote Kingsmill Corporation only....

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