CENTRAL ARIZONA RANCHING CO. v. COMMISSIONER

Docket Nos. 76565, 76575.

23 T.C.M. 1304 (1964)

T.C. Memo. 1964-217

Central Arizona Ranching Company v. Commissioner. Farmers Investment Company v. Commissioner.

United States Tax Court.

Filed August 17, 1964.


Attorney(s) appearing for the Case

Erwin Lampe, 886 S. Bronson Ave., Los Angeles, Calif., for the petitioners. Edward H. Boyle, for the respondent.


Memorandum Findings of Fact and Opinion

MULRONEY, Judge:

Respondent determined the following deficiencies in petitioners' income tax:

  Petitioner    Docket No.    Year    Deficiency

  Farmers Investment Company .................    76575    1952    $37,834.14
          1953    15,470.29
          1954    4,960.14
          1955    8,343.70
          Fiscal Year Ended

  Central Arizona Ranching Company ...........    76565    2/28/55...

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