COLLINS ELECTRICAL COMPANY, INC. v. COMMISSIONER

Docket No. 7957-74.

67 T.C. 911 (1977)

COLLINS ELECTRICAL COMPANY, INC., A CALIFORNIA CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed March 9, 1977.


Attorney(s) appearing for the Case

Oscar Budd Kleinfeld, for the petitioner.

Joyce Elaine Britt, for the respondent.


FEATHERSTON, Judge:

Respondent determined deficiencies in petitioner's Federal corporate income taxes for the fiscal years 1971 and 1972 as follows:

         Sept. 30, 1971 .................    $20,343.83
         Sept. 30, 1972 .................     12,395.04
                                             __________
                Total ...................     32,738.87

The only issue for decision is whether the Commissioner, pursuant...

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