PENN NEEDLE ART COMPANY v. COMMISSIONER

Docket No. 62037.

17 T.C.M. 504 (1958)

T.C. Memo. 1958-99

Penn Needle Art Company v. Commissioner.

United States Tax Court.

Filed May 28, 1958.


Attorney(s) appearing for the Case

Jerome C. Bachrach, Esq., Farmers Bank Building, Pittsburgh, Pa., and Sidney Hoffman, Esq., for the petitioner. Gerald Backer, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

TIETJENS, Judge:

The Commissioner made the following determination of deficiencies against petitioner:

  Year Ended                             Income Tax                  Accumulated Earnings Tax
                                                                      under sec. 102 I. R. C. 1939
                                                                      and sec. 531 I. R. C. 1954

  June 30...

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