JOHN L. ASHE, INC. v. COMMISSIONER

Memorandum Findings of Fact and Opinion

JOHNSON, Judge:

Respondent determined deficiencies in petitioner's income tax, declared value excess-profits tax, excess profits tax, and 50 per cent fraud penalties, as follows:

                  Income Tax

  Year            Deficiency    Fraud Penalty

  1942 .........  $   300.51      $   150.26
  1946 .........   50,580.18       25,290.09

                 Declared Value
               Excess...

                    
                    
                    

                        

                            

                                

                            
                            

                                

                                    

                                        

                                        

                                        

                                    
                                
                                

                                    
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