UTILITIES & INDUSTRIES CORPORATION v. COMMISSIONER

Docket Nos. 88306, 88307.

41 T.C. 888 (1964)

UTILITIES & INDUSTRIES CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT THE SOUTH BAY CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed March 27, 1964.


Attorney(s) appearing for the Case

Robert J. Casey and Thomas J. McCoy, Jr., for the petitioners.

John J. O'Toole and Colin C. MacDonald, Jr., for the respondent.


HOYT, Judge:

These proceedings have been consolidated. Respondent determined income tax deficiencies against petitioners for the calendar year and in the amounts, as follows:

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                          Petitioner                             | Docket No. | Year | Deficiency
-----------------------------------------------------------------|--------...

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