McKENZIE CONSTRUCTION COMPANY v. UNITED STATES

Civ. A. No. 2995.

214 F.Supp. 738 (1962)

McKENZIE CONSTRUCTION COMPANY v. UNITED STATES of America.

United States District Court W. D. Texas, San Antonio Division.

August 6, 1962.


Attorney(s) appearing for the Case

Charles W. Truehart, Truehart, McMillan, Russell & Westbrook, San Antonio, Tex., for plaintiff.

Herbert S. Kendrick, Tax Division, Department of Justice, Washington, D. C., and Ernest Morgan, U. S. Atty., for Western District of Texas, for the Government.


SPEARS, Chief Judge.

FINDINGS OF FACT

1. Taxpayer is a corporation organized and existing under the laws of the State of Texas.

2. At all pertinent times taxpayer was keeping its books on an accrual basis for income tax purposes.

3. Taxpayer duly filed its corporate income tax return for the year 1953.

4. Pursuant to resolution of its Board of Directors on October 3, 1952, which was confirmed...

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