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McDANIEL v. COMMISSIONER

Docket No. 31507.

19 T.C. 474 (1952)

A. J. McDANIEL, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated December 18, 1952.

Attorney(s) appearing for the Case

Heard H. Sutton, Esq., and Edgar J. Cheatham, C. P. A., for the petitioner.

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

The Commissioner has determined a deficiency in petitioner's income tax in the amount of $4,409.28 for the calendar year 1947. The deficiency notice shows adjustments to net income as follows:

Net income ad disclosed by return -------------------------------   $11,959.99
Unallowable deductions and additional income:
    (a) Taxes --------------------------------------      $276.56
    (b) Inventory adjustment -----------------------    17,330.69
         ...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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