ROYAL COTTON MILL COMPANY v. COMMISSIONER

Docket No. 29689.

29 T.C. 761 (1958)

ROYAL COTTON MILL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed January 31, 1958.


Attorney(s) appearing for the Case

J. Gilmer Korner, Jr., Esq., Stanley Worth, Esq., and A. T. Allen, C. P. A., for the petitioner.

Harold Weinstock, Esq., for the respondent.


The Commissioner determined deficiencies as follows:

------------------------------------------------------------------------------------------
                                     |            |        Declared      |
    Fiscal year ended August 31      | Income tax | value excess-profits |  Excess profits
                                     |            |           tax        |       tax
-------------------------------------|------------|-------------...

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