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AMBASSADOR HOTEL CO. OF LOS ANGELES v. COMMISSIONER

Docket No. 33123.

23 T.C. 163 (1954)

AMBASSADOR HOTEL COMPANY OF LOS ANGELES, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed October 29, 1954.

Attorney(s) appearing for the Case

John E. Hughes, Esq., for the petitioner.

Robert G. Harless, Esq., and Donald P. Chehock, Esq., for the respondent.

OPINION.

MURDOCK, Judge:

The Commissioner determined deficiencies as follows for fiscal years ended January 31:

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

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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