STEWART MANAGEMENT CO. v. COMMISSIONER

Docket No. 503-65.

28 T.C.M. 187 (1969)

T.C. Memo. 1969-37

Stewart Management Company, Formerly Stewart Motor Company v. Commissioner.

United States Tax Court.

Filed February 24, 1969.


Attorney(s) appearing for the Case

James Powers, 807 Security Bldg., 234 No. Central Ave., Phoenix, Ariz., for the petitioner. Eugene H. Ciranni, for the respondent.


Memorandum Findings of Fact and Opinion

TURNER, Judge:

Respondent determined deficiencies in income tax against petitioner and additions thereto under sections 6651 and 6653(a) of the Internal Revenue Code of 1954 as follows:

                              Additions to Tax

  Year        Deficiency   Sec. 6651    Sec. 6653(a)

  1957 .....  $29,017.59   $ 1,450.88    $1,450.88
  1958 .....   21,329.03     ........ ...

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