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NATIONAL BREAD WRAPPING MACHINE CO. v. COMMISSIONER

Docket No. 57404.

30 T.C. 550 (1958)

NATIONAL BREAD WRAPPING MACHINE COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 10, 1958.

Attorney(s) appearing for the Case

Matthew J. Glennon, Esq., and Albert J. Musacchio, Esq., for the petitioner.

John M. Doukas, Esq., for the respondent.

ATKINS, Judge:

The respondent determined deficiencies in income tax for the calendar years 1949 and 1950 in the respective amounts of $1,065.47 and $1,297.70. The deficiencies determined result from the respondent's disallowance of a deduction in each year of the amount of a reserve set up for installation of bread-wrapping machines which had been sold by the petitioner in the respective years under review, but which had not been installed at the end of the...

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