K & S ELECTRIC COMPANY, INC. v. COMMISSIONER

Docket No. 5011-68.

28 T.C.M. 1499 (1969)

T.C. Memo. 1969-291

K & S Electric Company, Inc. v. Commissioner.

United States Tax Court.

Filed December 29, 1969.


Attorney(s) appearing for the Case

Robert W. Siegel, for the petitioner. James C. Lynch, for the respondent.


Memorandum Findings of Fact and Opinion

WITHEY, Judge:

A deficiency in the income tax of petitioner has been determined by the Commissioner for the fiscal year ended October 31, 1965, in the amount of $44,747.53. The only issue presented is whether respondent has erred in increasing the gross income of petitioner for that year in the amount of $92,583.94 as a liability of petitioner alleged to have been forgiven during that year.

Findings of Fact...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases