Texstar Corp. & Affiliates v. Commissioner

THE TEXSTAR CORPORATION & AFFILIATES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Texstar Corp. & Affiliates v. Commissioner

Docket No. 1485-72.

United States Tax Court

T.C. Memo 1984-350; 1984 Tax Ct. Memo LEXIS 319; 48 T.C.M. (CCH) 480; T.C.M. (RIA) 84350;

July 11, 1984.

J. Michael Wilkes, for the petitioner.

Richard D. Ames, for the respondent.

KORNER

MEMORANDUM OPINION

"KORNER, Judge: Respondent determined a deficiency of income tax against petitioner for its fiscal year ending September 30, 1969, in the amount of $476,756.89. Among various issues raised by petitioner in its petition…