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KWTX BROADCASTING COMPANY, INC. v. COMMISSIONER

Docket No. 65001.

31 T.C. 952 (1959)

KWTX BROADCASTING COMPANY, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed January 30, 1959.

Attorney(s) appearing for the Case

Wilford W. Naman, Esq., for the petitioner.

J. C. Linge, Esq., for the respondent.

The Commissioner has determined a deficiency in petitioner's income tax for the year 1954 of $26,527.20. The deficiency is due to two adjustments which the Commissioner made to the net income reported on petitioner's return for 1954. These adjustments were:

Unallowable deduction:
 (a) Cost of securing license ----------------------------------   $57,366.33
Additional deduction:
 (b) Contributions ---------------------------------------------       438.34
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