R. E. MOORHEAD & SON, INC. v. COMMISSIONER

Docket No. 92652.

40 T.C. 704 (1963)

R. E. MOORHEAD & SON, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed July 2, 1963.


Attorney(s) appearing for the Case

William A. Calhoun, for the petitioner.

Thomas J. Moroney, Jr., for the respondent.


TRAIN, Judge:

Respondent determined deficiencies in the income tax liability of petitioner for the calendar years 1957, 1958, and 1959 in the amounts of $8,436.22, $1,343.43, and $2,978.69, respectively. By an amendment to his answer, respondent now claims an additional deficiency of $968.42 for the year 1959.

The issues for decision are as follows:

(1) Whether certain automobiles sold by petitioner...

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