ESQUIRE MOTORS, INC. v. COMMISSIONER

Docket No. 2766-66.

28 T.C.M. 229 (1969)

T.C. Memo. 1969-40

Esquire Motors, Inc. v. Commissioner.

United States Tax Court.

Filed February 25, 1969.


Attorney(s) appearing for the Case

Thomas F. Seymour, 1115 Main, Bridgeport, Conn., and John M. Brannelly, 137 Elm, Bridgeport, Conn., for petitioner. Charles M. Costenbader and Ira H. Freedman, for respondent.


Memorandum Findings of Fact and Opinion

ATKINS, Judge:

The respondent determined deficiencies in income tax for the taxable years ended September 30, 1955 and 1956 in the amounts of $41,317.55 and $13,380.53, respectively, and additions to tax under section 6653(b) of the Internal Revenue Code of 1954 of $21,537.96 and $13,254.31, respectively.

The issues for decision are whether assessment and collection of the asserted deficiencies are barred by...

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