J.J. Zand - Page 286

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          London account.  These deposits were not recorded as receipts in            
          the CTC receipts journal.                                                   
               The following payments were recorded in the CTC receipts               
          journal for 1975:                                                           
                                        CTC                 Diesel Power              
               Payor        Amount           Commission          Commission           
               Manchester                                                             
               Machines    $1,632.02    $652.81             $979.21                   
          Airoceanic                                                                  
               Motors    51,666.00        20,666.40          30,999.60                
          Rosco     13,190.28           5,141.74           8,048.54                   
          Parker                                                                      
               Hannifin     6,145.51         2,458.18           3,687.33              
               Parsons                                                                
               Jurdin     213,123.73         5,989.13           8,983.70              
               Bucyrus                                                                
               Blade       $2,114.53          $794.35          $1,191.53              
          G.M. Terex    3,521.28         1,408.51           2,112.77 Exxon            
          149,413.00         4,490.00           6,735.00                              
          With the exception of $5,296.68, all payments listed above were             
          deposited to the CTC CNB account during 1975.  In the notice of             
          deficiency for 1975 respondent increased petitioner's income from           
          the above companies by the total amounts attributed to Diesel               
          Power in the CTC receipts journal.                                          
               In the notice of deficiency for 1975 respondent determined             
          an increase in petitioner's income from Goodyear by $117,854.49.            
          In the amendment to answer respondent asserts that payments from            
          Goodyear in the total amount of $134,776.70 constituted                     
          unreported gross income to petitioner.  During 1975 Goodyear                
          deposited checks in the total amount of $59,767.98 to the CTC               






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