TED BATES & COMPANY, INC. v. COMMISSIONER

Docket Nos. 3429-62, 1215-64.

24 T.C.M. 1346 (1965)

T.C. Memo. 1965-251

Ted Bates & Company, Inc. v. Commissioner.

United States Tax Court.

Filed September 17, 1965.


Attorney(s) appearing for the Case

Richard S. Greenlee, John J. Hayes, Arthur Pelikow, and William F. O'Connor, for the petitioner. Claude R. Wilson, Jr., and William J. Luff, Jr., for the respondent.


Memorandum Findings of Fact and Opinion

FAY, Judge:

Respondent, pursuant to statutory notices of deficiency, determined the following deficiencies in petitioner's income tax for its fiscal years 1957 through 1961:

  -----------------------------------------
   Fiscal Year            Deficiency per
  ended March 31         Statutory Notice
  -----------------------------------------
    1957 ...............    $799,383.67
    1958 .........

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