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GRENADA INDUSTRIES, INC. v. COMMISSIONER

Dockets Nos. 24571, 24640.

17 T.C. 231 (1951)

GRENADA INDUSTRIES, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. NATIONAL HOSIERY MILLS, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated August 22, 1951.

Attorney(s) appearing for the Case

Robert A. Littleton, Esq., for the petitioners.

Lester M. Ponder, Esq., for the respondent.

The Commissioner determined the following deficiencies:

---------------------------------------------------------------------------------------------------
                             |      |            |       Declared       |             |   Penalty
          Docket No.         | Year | Income tax | value excess-profits |   Excess    |  on excess
                             |      |            |          tax         | profits tax | profits tax
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