KNOXVILLE IRON COMPANY v. COMMISSIONER

Docket Nos. 56066 & 64921.

18 T.C.M. 251 (1959)

T.C. Memo. 1959-54

Knoxville Iron Company v. Commissioner.

United States Tax Court.

Filed March 23, 1959.


Attorney(s) appearing for the Case

Thomas G. McConnell, Esq., Box 39, Knoxville, Tenn., Fred H. Cagle, Jr., Esq., and Bruce Moody, Esq., for the petitioner. George W. Calvert, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

BRUCE, Judge:

These consolidated proceedings involve the following deficiencies in income tax for the years 1947 through 1953:

                                   Surtax
                               under Sec. 102
  Year            Income Tax    I. R. C. 1939

  1947........     .........     $ 84,892.52
  1948........     .........      201,538.89
  1949........     .........       74,271.79
 ...

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