CONCORD VILLAGE, INC. v. COMMISSIONER

Docket No. 2778-70.

65 T.C. 142 (1975)

CONCORD VILLAGE, INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed October 28, 1975.


Attorney(s) appearing for the Case

William Lee McLane, for the petitioner.

Dennis C. DeBerry, for the respondent.


FORRESTER, Judge:

Respondent has determined deficiencies in petitioner's income tax as follows:

TYE Oct. 31Amount

    1965 ------------------------------   $3,170.00
    1966 ------------------------------    6,888.00
    1967 ------------------------------   $9,243.00
    1968 ------------------------------   35,527.30

Concessions having been made, two issues that involve the...

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