PEOPLES GIN COMPANY v. COMMISSIONER

Docket Nos. 111436, 452.

2 T.C.M. 325 (1943)

Peoples Gin Company v. Commissioner.

United States Tax Court.

Entered June 21, 1943.


Attorney(s) appearing for the Case

Nelson E. Taylor, Esq., Greenwood, Miss., for the petitioner. James L. Backstrom, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARRON, Judge:

The respondent determined deficiencies in income tax and excess profits tax for the years 1935 to 1940, inclusive. Docket No. 111436 involves income and excess profits tax deficiencies for the fiscal years ended July 31, 1935, and July 31, 1936, as follows:

                                  Excess
  Years             Income Tax  Profits Tax
  1935 ..........    $795.08      $219.38
  1936...

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