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MAHASKA BOTTLING COMPANY v. COMMISSIONER

Docket No. 86668.

21 T.C.M. 1530 (1962)

T.C. Memo. 1962-289

Mahaska Bottling Company v. Commissioner.

United States Tax Court.

Filed December 7, 1962.

Attorney(s) appearing for the Case

Ned P. Gilbert, Esq., Sunstrum Bldg., Oskaloosa, Iowa, and Roy Stoddard, Jr., Esq., for the petitioner. David A. Pierce, Esq., for the respondent.

Memorandum Opinion.

MULRONEY, Judge:

The respondent determined deficiencies in petitioner's income tax for the taxable years ended November 30, 1957 and November 30, 1958, in the respective amounts of $11,615.91 and $11,960.

Petitioner took deductions for salary paid to its president in the amounts of $32,000 in 1957 and $35,000 in 1958, and also deductions for salary paid to its vice-president in the amount of $30,000 for each of said years. Respondent...

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