United States Tax Court April 27, 1972, Docket Nos. 4352-67, 4940-68 (Golconda Mining Corp. v. Commissioner)

lead-opinion

DawsoN, Judge:

Respondent determined the following deficiencies in petitioner’s Federal income taxes:

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Certain concessions liave been made by the parties. Tlie only issue to be decided is whether petitioner is subject to the accumulated-earnings tax imposed under section 5311 for the years 1962 through 1966.