A. H. PHILLIPS CO., INC. v. COMMISSIONER

Docket No. 9282-74.

36 T.C.M. 638 (1977)

T.C. Memo. 1977-150

A.H. Phillips Co., Inc. v. Commissioner.

United States Tax Court.

Filed May 18, 1977.


Attorney(s) appearing for the Case

Robert E. Schlusser [Bank of Delaware Building, 300 Delaware Ave., P.O. Box 949, Wilmington, Del. 19899], for the petitioner. Robert E. Dallman, for the respondent.


Memorandum Findings of Fact and Opinion

DRENNEN, Judge:

Respondent determined deficiencies in petitioner's corporate income taxes in the amounts of $10,479.60, $13,680, and $19,233.52 for the years 1970, 1971, and 1972, respectively. Some of the adjustments giving rise to the above deficiencies have been conceded by petitioner. The sole question remaining for decision is to what extent were amounts paid by petitioner...

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