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NORTH CAROLINA LUMBER COMPANY v. COMMISSIONER

Docket No. 30673.

19 T.C. 587 (1952)

NORTH CAROLINA LUMBER COMPANY, A CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated December 31, 1952.

Attorney(s) appearing for the Case

Meade Whitaker, Esq., and Lucien D. Gardner, Jr., Esq., for the petitioner.

S. Earl Heilman, Esq., for the respondent.

The respondent determined deficiencies in income, declared value excess-profits, and excess profits taxes for the years and in the amounts as follows:

Fiscal year ended                                   Tax                    Deficiency

Nov. 30, 1942 ------------------   Income --------------------------------    $8,443.29
Nov. 30, 1943 ------------------   Income --------------------------------     7,575.57
Nov. 30, 1944 ----------...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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