MULRONEY, Judge:
Respondent determined a deficiency in petitioner's income tax for the calendar year 1955 in the amount of $33,145.18.
There are two issues: (1) Were certain costs incurred by the Northern Natural Gas Co. in transporting its gas deductible expenses or part of the inventory costs of the gas it sold and (2) what was its cost of gas purchased from its subsidiary.
FINDINGS OF FACT
Petitioner is a corporation with its principal...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.