ALLISON CORPORATION v. COMMISSIONER

Docket No. 8147-75.

36 T.C.M. 689 (1977)

T.C. Memo. 1977-166

Allison Corporation v. Commissioner.

United States Tax Court.

Filed May 31, 1977.


Attorney(s) appearing for the Case

Sidney Gelfand, 136 E. 57th St., New York, N.Y. for the petitioner. Bernard S. Mark, for the respondent.


Memorandum Findings of Fact and Opinion

RAUM, Judge:

The Commissioner determined the following deficiencies in petitioner's Federal corporate income taxes:

  Taxable Year Ended            Deficiency

     July 31, 1972 ............  $10,944
     July 31, 1973 ............   10,944

The sole issue herein is how much of the amounts which it paid to Loulu Seltzer, one of its officers and directors, petitioner may deduct as reasonable...

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