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COLONY, INC. v. COMMISSIONER

Docket No. 53681.

26 T.C. 30 (1956)

THE COLONY, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed April 9, 1956.

Attorney(s) appearing for the Case

Andrew W. Duncan, Esq., and Don S. Sturgill, Esq., for the petitioner.

James F. Shea, Esq., for the respondent.

The Commissioner determined deficiencies in income tax and excess profits tax as follows:

Year ended October 31                    Income tax   Excess profits tax

1946 ---------------------------------    $7,988.72            $2,356.71
1947 ---------------------------------     1,194.29            ---------
1948 ---------------------------------       987.31            ---------
1950 ---------------------------------       224.23   ...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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