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FAUCETTE COMPANY v. COMMISSIONER

Docket No. 24086.

17 T.C. 187 (1951)

FAUCETTE COMPANY, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated August 7, 1951.

Attorney(s) appearing for the Case

Robert Ash, Esq., and Carl F. Bauersfeld, Esq., for the petitioner.

Homer F. Benson, Esq., for the respondent.

This proceeding involves deficiencies in income tax, declared value excess-profits tax and excess profits tax, for the years 1945 and 1946, as follows:

-------------------------------------------------------------------------
                           |            | Declared value | Excess profits
           Year            | Income tax | excess-profits |      tax
                           |            |      tax       |
---------------------------|----...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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