GUARANTEE TITLE AND TRUST COMPANY v. COMMISSIONER

Docket No. 80416.

20 T.C.M. 594 (1961)

T.C. Memo. 1961-122

Guarantee Title and Trust Company v. Commissioner.

United States Tax Court.

Filed April 28, 1961.


Attorney(s) appearing for the Case

Roger K. Powell, Esq., 17 S. High St., Columbus, Ohio, for the petitioner. John J. Larkin, Esq., for the respondent.


Memorandum Opinion

MURDOCK, Judge:

The Commissioner determined income tax deficiencies against the petitioner in the amounts of $14,925.04 for 1955 and $115,043.35 for 1956. The only issue for decision is whether the Commissioner erred in adding $2,965.32 to 1955 income and $10,389.88 to 1956 income. The parties have filed a stipulation of facts supplemented by a further stipulation in the transcript. The facts as thus stipulated are adopted as the findings...

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