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FLINT AND FULTON, INC. v. COMMISSIONER

Docket Nos. 52194, 52195.

15 T.C.M. 1293 (1956)

T.C. Memo. 1956-252

Flint and Fulton, Inc., and its subsidiaries, Crosan, Inc., and Monterey Hotel Company v. Commissioner. Flint and Fulton, Inc. v. Commissioner.

United States Tax Court.

Filed November 14, 1956.

Attorney(s) appearing for the Case

Robert V. Carton, Esq., 601 Grand Avenue, Asbury Park, N. J., for the petitioners. Stanley W. Herzfeld, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The respondent determined that the petitioners were liable for the following deficiencies and for an addition to tax for failure to file a timely return for the year 1948:

                                             Deficiency
------------------------------------------------------------------------------------------------
  Year                          Income     Declared Value       Excess
              ...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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