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WELSH HOMES, INC. v. COMMISSIONER

Docket No. 69035.

32 T.C. 239 (1959)

WELSH HOMES, INCORPORATED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed April 29, 1959.

Attorney(s) appearing for the Case

Mason G. Kassel, Esq., and Harry J. Rudick, Esq., for the petitioner.

Paul E. Waring, Esq., and George J. Rabil, Esq., for the respondent.

FISHER, Judge:

Respondent determined deficiencies in petitioner's income tax as follows:

Year                                      Deficiency

1952 ----------------------------------   $48,007.88
1953 ----------------------------------    44,831.86
1954 ----------------------------------    86,395.11
                                          __________
                                          179,234.85

Petitioner...

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