United States Tax Court February 21, 1944, Docket Nos. 1606, 1607, 1608, 1609 (Vandenberge v. Commissioner)

lead-opinion

OPINION.

Black, Judge:

These proceedings have been consolidated. The Commissioner has determined deficiencies in income and excess profits taxes against Texas Auto Co. for the taxable years 1938 and 1939 in the following amounts:

[[Image here]]

The Commissioner has also determined that J. V. Vandenberge, D. E. Blackburn, and W. F. Wallace are liable as transferees of Texas Auto Co.