JAMES HOTEL COMPANY v. COMMISSIONER

Docket No. 84544.

39 T.C. 135 (1962)

JAMES HOTEL COMPANY, TOWER CLUB, INC., AND PALACE BUILDING COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed October 16, 1962.


Attorney(s) appearing for the Case

Roy C. Lytle, Esq., for the petitioners.

David E. Mills, Esq., for the respondent.


DAWSON, Judge:

Respondent determined deficiencies in petitioners' income tax for the years and in the amounts as follows:

Fiscal year ending Aug. 31Deficiency

1955 ------------------------------------   $48,250.90
1956 ------------------------------------    13,060.98
1957 ------------------------------------     7,561.62

The only issue involved is whether amounts paid to Tower Club, Inc.,...

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