CONNOHIO, INC. v. COMMISSIONER

Docket Nos. 22761, 22771.

9 T.C.M. 1105 (1950)

Connohio, Inc., Successor by Consolidation to Distribution Terminal Warehouse Company, v. Commissioner. Distribution Terminal Warehouse Company, v. Commissioner.

United States Tax Court.

Entered December 7, 1950.


Attorney(s) appearing for the Case

Frank J. Maguire, Esq., 1300 Benesee Bldg., Buffalo, N. Y., for the petitioners. William R. Bagby, Esq., for the respondent.


Memorandum Opinion

OPPER, Judge:

Petitioners, successor and predecessor corporation, respectively, assail respondent's determination of deficiencies in income and excess profits tax for 1942 of $169.40 and $414.01, respectively, and claim an overpayment of $47,897.96 in excess profits tax for the same year. Certain adjustments are uncontested. Error is alleged with respect to the amount of respondent's allowance for depreciation deductions on certain assets...

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