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AKTEN REALTY CORPORATION v. COMMISSIONER

Docket Nos. 69001 and 70460.

19 T.C.M. 150 (1960)

T.C. Memo. 1960-27

Akten Realty Corporation v. Commissioner.

United States Tax Court.

Filed February 24, 1960.

Attorney(s) appearing for the Case

Samuel S. Reinish, Esq., 350 Broadway, New York, N. Y., for the petitioner. Norman L. Rapkin, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

TIETJENS, Judge:

The Commissioner determined the following deficiencies in income tax:

  Year                 Amount

  1953 ...........    $ 750.00
  1954 ...........    1,425.00
  1955 ...........    1,050.00

The only issue for decision is the propriety of the Commissioner's determination which disallowed officers' salaries as deductions in the taxable years in excess of $2,500 per year...

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