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DRAPER & CO. v. COMMISSIONER

Docket No. 6376.

5 T.C. 822 (1945)

DRAPER & COMPANY, INCORPORATED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated September 28, 1945.

Attorney(s) appearing for the Case

Hugh D. McLellan, Esq., George R. Blodgett, Esq., and Karl W. Baker, C. P. A., for the petitioner.

Carl A. Stutsman, Jr., Esq., for the respondent.

This proceeding involves deficiencies in income tax, declared value excess profits tax, and excess profits tax determined by the respondent against petitioner for the fiscal year ended November 30, 1941, in the amounts of $66,445.83, $28,808.57, and $53,552.39, respectively.

The deficiencies result from four adjustments to net income set out in a statement attached to the deficiency notice as follows:

Net income as disclosed by item 30 of page 1 of your...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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