WILSON CHEMICAL CO., INC. v. COMMISSIONER

Docket No. 4801-68,

29 T.C.M. 5 (1970)

T.C. Memo. 1970-4

Wilson Chemical Co., Inc. v. Commissioner.

United States Tax Court.

Filed January 7, 1970.


Attorney(s) appearing for the Case

Alphonsus R. Romeika, 215 S. Broad St., Philadelphia, Pa., for the petitioner. Joseph M. Abele, for the respondent.


Memorandum Findings of Fact and Opinion

DAWSON, Judge:

Respondent determined a deficiency of $6,115.52 in petitioner's Federal income tax for the taxable year 1963. The only issue for decision is whether petitioner understated its gross receipts in the amount of $41,517.89 for the year 1963.

Findings of Fact

Some of the facts are stipulated and are found accordingly.

Wilson Chemical Co., Inc. (herein called petitioner), is a corporation...

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