United States Tax Court May 21, 1964, Docket No. 4360-62 (Gunderson Bros. Engineering Corp. v. Commissioner)

lead-opinion

Fat, Judge:

The Commissioner determined deficiencies in petitioner’s income tax for the fiscal years ending May 31, 1958,1 and May 31, 1959, in the respective amounts of $17,152.07 and $33,322.21. The parties have agreed to certain adjustments with respect to the deficiencies.