LEDFORD CONSTRUCTION CO. v. COMMISSIONER

Docket No. 7564-73.

36 T.C.M. 858 (1977)

T.C. Memo. 1977-204

Ledford Construction Co., Inc. v. Commissioner.

United States Tax Court.

Filed June 30, 1977.


Attorney(s) appearing for the Case

William T. Sherwood, Jr. and Joseph Leo McGroary, for the petitioner. Harris J. Belinkie, for the respondent.


Memorandum Findings of Fact and Opinion

DRENNEN, Judge:

Respondent determined deficiencies in petitioner's corporate income taxes for the taxable years ending March 31, 1969, and March 31, 1970, of $17,001.59 and $20,616.54, respectively. Some of the adjustments giving rise to these deficiencies have been conceded by petitioner. The sole issue remaining to be decided is whether under section 162(a)(1), I.R.C. 1954,1 amounts paid...

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