WILKES-BARRE CARRIAGE CO., INC. v. COMMISSIONER

Docket No. 64639.

39 T.C. 839 (1963)

WILKES-BARRE CARRIAGE CO., INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 7, 1963.


Attorney(s) appearing for the Case

Fred R. Tansill, Esq., for the petitioner.

John J. Madden, Esq., and John E. McDermott, Esq., for the respondent.


OPINION.

RAUM, Judge:

The statutory notice of deficiency, issued in July 1956, relates to petitioner's tax liability for the fiscal years ended July 31, 1943, through July 31, 1947, but fiscal 1943 is the only year presently in dispute.1 The facts have been fully stipulated.

Petitioner, an accrual basis taxpayer with a fiscal year ending July 31, is a Delaware corporation, and was engaged during the taxable years...

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