JOHNSON BRONZE COMPANY v. COMMISSIONER

Docket No. 4306-62.

24 T.C.M. 1542 (1965)

T.C. Memo. 1965-281

Johnson Bronze Company v. Commissioner.

United States Tax Court.

Filed October 26, 1965.


Attorney(s) appearing for the Case

Paul G. Rodewald and William Y. Rodewald, Oliver Bldg., Pittsburgh, Pa., for the petitioner. Gerald Backer, for the respondent.


Memorandum Findings of Fact and Opinion

DAWSON, Judge:

Respondent determined deficiencies in petitioner's income tax for the taxable years 1959 and 1960 in the amounts of $76,594.97 and $99,118.94, respectively. Prior to trial the parties disposed of certain issues raised by respondent in his deficiency notice by agreeing to various adjustments. The only issue remaining for decision is whether any of the income of a wholly-owned subsidiary of petitioner...

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