COMMERCE PHOTO-PRINT CORPORATION v. COMMISSIONER

Docket No. 6023.

6 T.C.M. 386 (1947)

Commerce Photo-Print Corporation v. Commissioner.

United States Tax Court.

Entered April 11, 1947.


Attorney(s) appearing for the Case

Charles A. Roberts, Esq., 165 Broadway, New York 6, N. Y. for the petitioner. J. Frost Walker, Jr., Esq., for the respondent.


Memorandum Findings of Fact and Opinion

TYSON, Judge:

The respondent has determined deficiencies in the amounts of $38.61 income tax, $215.79 declared value excess-profits tax, and $12,271.50 excess profits tax for the calendar year 1942, or a total of $12,525.90, substantially all of which is in controversy.

The petitioner assigns error in respondent's disallowance of $14,000 of the total amount of $51,300 claimed as a deduction for compensation...

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