G. & W. H. CORSON, INC. v. COMMISSIONER

Docket Nos. 6365-65, 6334-66.

54 T.C. 668 (1970)

G. & W. H. CORSON, INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 30, 1970.


Attorney(s) appearing for the Case

Jules I. Whitman and Peter J. Picotte II, for the petitioner.

Dennis C. DeBerry, for the respondent.


SCOTT, Judge:

Respondent determined deficiencies in petitioner's income taxes for the calendar years 1961, 1962, and 1963 in the respective amounts of $5,725.83, $3,235.13, and $547.23.

Certain of the issues have been disposed of by agreement of the parties leaving for decision the following:

(1) Whether the dolomitic limestone used by petitioner in the manufacture of its patented product Poz-O-Pac is entitled to a depletion allowance of 5 percent...

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