Court Opinion

ID: 4608923
Source: CourtListenerOpinion
Date Created: 2020-11-20 19:43:41.22307+00
Date Added: 2024-06-11T07:53:47.232434
License: Public Domain

James C. Hardy v. Commissioner.Hardy v. CommissionerDocket No. 12911.United States Tax Court1948 Tax Ct. Memo LEXIS 49; 7 T.C.M. (CCH) 805; T.C.M. (RIA) 48219; October 29, 1948*49  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.  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.