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FNCB London account and the Zand FNCB London account. During
1975 Goodyear also issued checks in the total amount of
$75,008.62 that were deposited to the Diesel Power Bank of
America account. These amounts were not listed in the CTC
receipts journal for 1975.
The following payments were recorded in the CTC receipts
journal for 1976:
CTC Diesel Power
Payor Amount Commission Commission
Ateco-
American $991.20 $396.48 $594.72
Houston 49,800.00 3,984.00 5,976.00
Atlantic
Richfield 92.13 (3.68) (5.52)
Parsons
Jurdin 2,730.13 1,092.05 1,638.08
Exxon/
Galion 118,432.26 8,055.08 12,082.61
All payments listed above were deposited to the CTC CNB account
during 1976. In the notice of deficiency for 1976, with the
exception of Exxon, respondent increased petitioner's income from
the above companies by the total amounts attributed to Diesel
Power in the CTC receipts journal. The proposed increase in
petitioner's income from Exxon is $12,302.95.23 During 1976
Goodyear deposited checks in the amount of $4,492.13 to the CTC
CNB account. These payments were recorded in the CTC receipts
journal as $1,796.85 in CTC commissions and $2,695.28 in Diesel
Power commissions. In the notice of deficiency for 1976
23 We are unable to explain why this amount is greater than the
stipulated Exxon amounts attributed to Diesel Power in the CTC receipts
journal.
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