Court of Appeals for the Ninth Circuit December 29, 1948, No. 11941 (Soanes v. Commissioner)

DENMAN, Chief Judge.

The individual petitioners are directors of petitioner Vallejo Bus Company, a California corporation dissolved on December 31, 1942, and are hereafter described as the Corporation. It sought in the Tax Court a *748redetermination of its 1942 income and declared value excess profits tax as assessed by the respondent.