R. C. OWEN COMPANY v. COMMISSIONER

Docket Nos. 1105-62, 4039-63.

23 T.C.M. 585 (1964)

T.C. Memo. 1964-97

R. C. Owen Company (a Tennessee corporation) v. Commissioner.

United States Tax Court.

Filed April 15, 1964.


Attorney(s) appearing for the Case

William Waller, American Trust Bldg., Nashville, Tenn., and Robert G. McCullough, for the petitioner. William F. Franklin, for the respondent.


Memorandum Findings of Fact and Opinion

DAWSON, Judge:

Respondent determined deficiencies in petitioner's income tax for the fiscal years ending April 30, 1961, and April 30, 1962, in the respective amounts of $14,560 and $25,306.66. The principal question presented for decision is whether a prior adjudication by the United States Court of Claims, to which certiorari was denied by the Supreme Court (363 U.S. 819 (1960)), involving petitioner's tax liability...

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