CHESAPEAKE & OHIO RY. CO. v. COMMISSIONER

Docket Nos. 5904-70, 5646-71.

64 T.C. 352 (1975)

THE CHESAPEAKE AND OHIO RAILWAY COMPANY AND AFFILIATED COMPANIES, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. THE CHESAPEAKE AND OHIO RAILWAY COMPANY AND SUBSIDIARY CORPORATIONS, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 2, 1975.


Attorney(s) appearing for the Case

James P. Holden, Paul F. Mickey, Richard E. May, John W. Tissue, Robert S. Garnett, and Kenneth Ekin, for the petitioners.

St. Clair Reeves, for the respondent.


RAUM, Judge:

The Commissioner determined deficiencies in petitioner's1 Federal corporate income taxes for the years 1954 through 1963, and petitioner, by its original and amended petitions, has claimed overpayments in each of those years with the exception of 1963. The respective amounts of the determined deficiencies and the claimed overpayments are as follows:

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