FARMERS AND MERCHANTS INVESTMENT CO. v. COMMISSIONER

Docket Nos. 4556-67, 1551-69.

29 T.C.M. 705 (1970)

T.C. Memo. 1970-161

Farmers and Merchants Investment Co. v. Commissioner.

United States Tax Court.

Filed June 22, 1970.


Attorney(s) appearing for the Case

Alan L. Austin and Irving A. Hinderaker 318 Midland Nat'l Life Ins. Co. Bldg., Watertown, S. Dak., for the petitioner. Frank C. Conley, Robert F. Cunningham and Glenn L. Strong, for the respondent.


Memorandum Findings of Fact and Opinion

MULRONEY, Judge:

Respondent has determined deficiencies in petitioner's income tax for the taxable years as follows:

  Docket    Taxable Year
    No.        Ended                      Deficiency

  4556-67   June 30, 1962 ..............  $10,512.81
            June 30, 1963 ..............   12,978.63
            June 30, 1964 ..............   11,160...

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