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BURR OAKS CORP. v. COMMISSIONER

Docket Nos. 4771-62, 4772-62, 1581-63, 1583-63.

43 T.C. 635 (1965)

BURR OAKS CORPORATION, ET AL., PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed February 11, 1965.

Attorney(s) appearing for the Case

Thomas J. Donnelly, Jr., Samuel J. Recht, Herbert Morse, for the petitioners.

Denis J. Conlon, for the respondent.

FAY, Judge:

Respondent, pursuant to a statutory notice of deficiency, determined deficiencies in the income tax of petitioner Burr Oaks Corp. for its taxable years ended September 30, 1958, 1959, and 1960, in the respective amounts of $15,067.26, $52,595.26, and $16,602.61. With regard to the various individual petitioners, respondent determined the following deficiencies in their respective income taxes:

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