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ALMAC'S INC. v. COMMISSIONER

Docket No. 78386.

20 T.C.M. 56 (1961)

T.C. Memo. 1961-13

Almac's Inc. v. Commissioner.

United States Tax Court.

Filed January 24, 1961.

Attorney(s) appearing for the Case

Walter F. Gibbons, Esq., Industrial Bank Bldg., Providence, R. I., and Joseph G. Kinder, Esq., for the petitioner. Charles T. Shea, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

TIETJENS, Judge:

The Commissioner determined a deficiency in income tax for the year 1956 in the amount of $20,713.94.

The questions for decision are (1) whether the Commissioner properly disallowed a claimed loss on the sale of a building and (2) whether the Commissioner properly determined that certain expenditures were capital in nature rather than ordinary and necessary business expenses.

Findings...

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