LANGLEY PARK APARTMENTS, SEC. C, INC. v. COMMISSIONER

Docket No. 5410-63.

44 T.C. 474 (1965)

LANGLEY PARK APARTMENTS, SEC. C, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 25, 1965.


Attorney(s) appearing for the Case

Werner Strupp, for the petitioner.

Herbert A. Seidman, for the respondent.


MULRONEY, Judge:

Respondent determined deficiencies in petitioner's corporate income tax for the fiscal years ended April 30, 1960, 1961, and 1962, in the respective amounts of $2,158.57, $4,043.97, and $4,560.11.

The sole issue is the reasonableness of salaries paid to officers and claimed as deductions for the above years and for the year ended April 30, 1957, which latter year is involved because of a net operating loss carry-forward affecting the...

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