Hardy v. Commissioner

7 T.C.M. 805, 1948 Tax Ct. Memo LEXIS 49

Opinion

James C. Hardy v. Commissioner.

Hardy v. Commissioner

Docket No. 12911.

United States Tax Court

1948 Tax Ct. Memo LEXIS 49; 7 T.C.M. (CCH) 805; T.C.M. (RIA) 48219;

October 29, 1948

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Milton Cades, Esq., and Urban E. Wild, Esq., 400 Bishop Trust Bldg., Honolulu, T.H., for the petitioner. Owen W. Swecker, Esq., for the respondent.

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MURDOCK

Memorandum Opinion

MURDOCK, Judge: The Commissioner determined a deficiency in income tax of $2,170.66 for 1943. The only issue raised by the petition relates to the credit made by the Commissioner as a result of a closed renegotiation of excessive profits. The parties agree that this is the same issue decided by this Court in Baltimore Foundry & Machine Corporation, 7 T.C. 998. The Court follows that decision herein.

Decision will be entered for the respondent.