FRELBRO CORPORATION v. COMMISSIONER

Docket No. 65552.

36 T.C. 864 (1961)

FRELBRO CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 18, 1961.


Attorney(s) appearing for the Case

J. Sterling Halstead, Esq., for the petitioner.

Paul D. Barker, Esq., for the respondent.


FORRESTER, Judge:

Respondent has determined a deficiency in income tax for the calendar year 1952 in the amount of $1,473.04 and a personal holding company surtax, under section 500,1 of $24,462.07. By amended answer he seeks to increase both amounts.

The issues presented for our determination are:

(1) What was the amount of the payment to petitioner in 1952 from Brown-Longyear...

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