United States Tax Court January 31, 1958, Docket No. 41614 (Royal Frocks, Inc. v. Commissioner)

lead-opinion

opinion.

FoReesteR, Judge:

The respondent has determined deficiencies in petitioner’s income tax and overassessments of its excess profits tax as follows:

Overassessment Deficiency income excess profits Year ended June SO tax tax

1943_ $10, 739. 82 $18, 270. 55

1944_____ 10,416.60 16,463.