1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 32 T.C.M.
  5. 32 T.C.M. 701 (1973)
 

X-L SERVICE, INC. v. COMMISSIONER

Docket No. 6850-70.

32 T.C.M. 701 (1973)

T.C. Memo. 1973-148

X-L Service, Inc. v. Commissioner.

United States Tax Court.

Filed July 3, 1973.

Attorney(s) appearing for the Case

Lewis R. Donelson and Boyd L. Rhodes, Jr., Suite 2020, First Nat. Bank Bldg., Memphis, Tenn., for the petitioner. Vallie C. Brooks, for the respondent.

Memorandum Findings of Fact and Opinion

DAWSON, Judge:

Respondent determined a deficiency of $16,822.93 in petitioner's Federal income tax for the year 1967.

At issue is the proper treatment of payments totaling $35,051.25 received in 1967 by petitioner's president and sole shareholder from the Hamilton Oil Company. We must decide, first, whether the payments represent rebates or discounts on gasoline purchases...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases