1. Home
  2. Browse Decisions
  3. T.C.
  4. 5 T.C.
  5. 5 T.C. 543 (1945)
 

ECONOMY SAVINGS AND LOAN COMPANY v. COMMISSIONER

Docket No. 350.

5 T.C. 543 (1945)

THE ECONOMY SAVINGS AND LOAN COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated August 1, 1945.

Attorney(s) appearing for the Case

Wallace C. Magathan, Esq., for the petitioner.

Lawrence R. Bloomenthal, Esq., for the respondent.

This proceeding involves deficiencies in income tax and excess profits tax for a fiscal period ended September 30, 1940, in the following amounts:

Income tax -------------------------------------------   $27,951.39
Excess profits tax -----------------------------------    34,355.18
25% penalty ------------------------------------------     8,588.80

There are several issues. They all stem from respondent's determination that petitioner's return for...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases