HILLSBORO NATIONAL BANK v. COMMISSIONER

Docket No. 8788-76.

73 T.C. 61 (1979)

HILLSBORO NATIONAL BANK, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed October 11, 1979.


Attorney(s) appearing for the Case

John T. Bullington, for the petitioner.

William J. Falk, for the respondent.


OPINION

STERRETT, Judge:*

Respondent determined a deficiency in petitioner's income taxes paid for its taxable year ended December 31, 1973, in the amount of $13,143.1 After concessions, the only issue left for our decision is whether or not petitioner had such a recovery of previously paid and deducted State taxes as to allow respondent to successfully...

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