United States Tax Court July 8, 1953, Docket No. 34067. (Defiance Lumber Co. v. Commissioner)

Defiance Lumber Company v. Commissioner. Defiance Lumber Co. v. Commissioner Docket No. 34067. United States Tax Court 1953 Tax Ct. Memo LEXIS 180; 12 T.C.M. (CCH) 808; T.C.M. (RIA) 53246; July 8, 1953 *180 Held: That the petitioner did not accumulate its earnings or profits beyond the reasonable needs of its business and accordingly is not subject to the surtax imposed by Sec.