GYRO ENGINEERING CORPORATION v. COMMISSIONER

Docket Nos. 4643-66, 1798-70.

33 T.C.M. 1343 (1974)

T.C. Memo. 1974-288

Gyro Engineering Corporation v. Commissioner.

United States Tax Court.

Filed November 12, 1974.


Attorney(s) appearing for the Case

William Lee McLane and Nola McLane, 111 W. Monroe St., Phoenix, Ariz., for the petitioner. Marion Malone, for the respondent.


Memorandum Findings of Fact and Opinion

WILES, Judge:

Respondent determined deficiencies in the income tax of petitioner for the years and in the amounts as follows:

                                          Addition to
Docket                                      Tax Sec.
  No.         Year Ended      Deficiency    6651(a)

4643-66 ..... Oct. 31, 1961   $23,744.42     ........
4643-66 ..... Oct. 31, 1962    42,291.12     ........
4643-66...

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