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CAMP WOLTERS ENTERPRISES, INC. v. COMMISSIONER

Docket No. 35561.

22 T.C. 737 (1954)

CAMP WOLTERS ENTERPRISES, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 30, 1954.

Attorney(s) appearing for the Case

R. B. Cannon, Esq., for the petitioner.

J. Marvin Kelley, Esq., for the respondent.

Respondent determined deficiencies in income taxes for the taxable years ended March 31, 1948, and March 31, 1949, of $95,851.70 and $31,240.17, respectively.

Respondent made adjustments for the year ended March 31, 1948, as follows:1

                           ADJUSTMENTS TO NET INCOME

Net income as disclosed by return -------------------                 $353,692.58
Unallowable...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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