50 T.C. 650 (1968), 6500-66, Waterman Steamship Corp. v. Commissioner of Internal Revenue

Citation: 50 T.C. 650

Opinion Judge: SCOTT, Judge:

Party Name: WATERMAN STEAMSHIP CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

Attorney: William H. Armbrecht, Jr., Marshall J. DeMouy, and Louis H. Anders, Jr., for the petitioner. Robert G. Faircloth, for the respondent.

Judge Panel: TANNENWALD, J., dissenting. RAUM, DAWSON, and SIMPSON, JJ., agree with this dissenting opinion.

Case Date: July 31, 1968

Court: U.S. Tax Court