OCEAN POOL SUPPLY COMPANY, INC. v. COMMISSIONER

Docket No. 1535-70.

33 T.C.M. 784 (1974)

T.C. Memo. 1974-182

Ocean Pool Supply Company, Inc. v. Commissioner.

United States Tax Court.

Filed July 10, 1974.


Attorney(s) appearing for the Case

Robert Ash, 3900 Wisconsin Ave., N.W., Washington, D.C., Carl F. Bauersfeld, and John C. Hendricks, for the petitioner. Rufus H. Leonard, Jr., and Curtis W. Berner, for the respondent.


Memorandum Findings of Fact and Opinion

GOFFE, Judge:

The Commissioner determined deficiencies in petitioner's Federal income tax as follows:

  Taxable Year
 Ended August 31               Amount

      1966 ................. $32,333.19
      1967 .................  40,720.08

Some of the adjustments made by the Commissioner in his statutory notice of deficiency have been conceded by the parties. The sole issue remaining for decision...

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