BADGER COMPANY, INC. v. COMMISSIONER

Docket No. 5517-65.

26 T.C.M. 869 (1967)

T.C. Memo. 1967-178

The Badger Company, Inc. v. Commissioner.

United States Tax Court.

Filed August 30, 1967.


Attorney(s) appearing for the Case

Carl J. Marold and John R. Quarles, Jr., 294 Washington St., Boston, Mass., for the petitioner. Lawrence A. Wright, for the respondent.


Memorandum Findings of Fact and Opinion

TANNENWALD, Judge:

Respondent determined a deficiency in petitioner's income taxes of $48,388.53 for the calendar year 1961. After petitioner's concession of various issues raised by the notice of deficiency, the sole remaining question is whether petitioner is entitled to a foreign tax credit under section 9011 for that portion of certain foreign taxes withheld from payments by Japanese...

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