INTER-AMERICAN LIFE INSURANCE COMPANY v. COMMISSIONER

Docket No. 4775-68.

56 T.C. 497 (1971)

INTER-AMERICAN LIFE INSURANCE COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 15, 1971.


Attorney(s) appearing for the Case

Jack E. Evans, for the petitioner.

Sheldon M. Sisson, for the respondent.


WITHEY, Judge:

The Commissioner has determined deficiencies in petitioner's income taxes and assessed additions to tax thereon in the amounts and for the taxable years shown below:

         Taxable year ended        Deficiency          Addition to tax
                                                    Sec. 6651(a)  Sec. 6653(a

1958 ------------------------------  $8,372.69        $2,007.36     $421.47
1959 -----------...

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