R. C. OWEN CO. v. COMMISSIONER

Docket No. 91234.

23 T.C.M. 673 (1964)

T.C. Memo. 1964-120

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

United States Tax Court.

Filed April 30, 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 taxable years and in the amounts set forth below:

  Taxable Year             Deficiency

     1954 ................. $4,145.15
     1955 .................  4,368.00
     1956 .................  4,368.00

The principal issue presented for decision is whether respondent erred in determining that petitioner...

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