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LAKE FOREST, INC. v. COMMISSIONER

Docket Nos. 77061, 81891.

36 T.C. 510 (1961)

LAKE FOREST, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 19, 1961.

Attorney(s) appearing for the Case

Wallace C. Murchison, Esq., for the petitioner.

Richard C. Forman, Esq., for the respondent.

TRAIN, Judge:

Respondent determined deficiencies in the petitioner's income tax for the year of April 1, 1948, to June 30, 1948, and for the fiscal years ended June 30, 1949 to 1956, inclusive, in the following amounts:

Fiscal year ended June 30—          Deficiency

1948 ----------------------------    $3,515.63
1949 ----------------------------     7,828.97
1950 --------------...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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