Court of Appeals for the Eighth Circuit November 3, 1964, 17701_1 (Robert Louis Stevenson Apartments, Inc. v. Commissioner of Internal Revenue)

VOGEL, Circuit Judge.

By this petition for review Robert Louis Stevenson Apartments, Inc., seeks to have set aside a determination of the Tax Court that compensation paid to the corporation’s president and sole stockholder of $7,200 per annum was excessive and that $2,400 was a reasonable allowance therefor.