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ALAMO BROADCASTING CO. INC. v. COMMISSIONER

Docket No. 22362.

15 T.C. 534 (1950)

ALAMO BROADCASTING COMPANY, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated October 20, 1950.

Attorney(s) appearing for the Case

Whitfield J. Collins, Esq., for the petitioner.

D. Louis Bergeron, Esq., for the respondent.

Respondent determined a deficiency in petitioner's income tax liability for the calendar year 1946 in the amount of $11,004.30. Petitioner claims that it sustained a net operating loss of $78,615.14 in the taxable year, entitling it to a net operating loss carryback for the years 1944 and 1945.

Petitioner assigns as error respondent's disallowance of a claimed loss of $107,715.62 on the sale of a diesel generator and spare...

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