United States Board of Tax Appeals January 30, 1936, Docket Nos. 56779, 56780. (Palomas Land & Cattle Co. v. Commissioner)

lead-opinion

OPINION.

Mttedock :

The Commissioner determined a deficiency of $15,-474.48 in the tax liability of Palomas Land & Cattle Co. (hereinafter called Palomas) “for the eleven months fiscal period ended November 30, 1928” and a deficiency of $245.23 in the tax liability of Grand Canyon Cattle Co. (hereinafter called Canyon) for the same period.