Lark Sales Co. v. Commissioner

LARK SALES COMPANY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

Lark Sales Co. v. Commissioner

Docket No. 1542-67

United States Tax Court

T.C. Memo 1976-291; 1976 Tax Ct. Memo LEXIS 111; 35 T.C.M. (CCH) 1300; T.C.M. (RIA) 760291;

September 14, 1976, Filed

Duane P. Benson and John F. Kelly, for the petitioner.

Allan E. Lang, for the respondent.

WILBUR

WILBUR, Judge: Respondent determined the following deficiencies in the Federal income tax of petitioner:

Sec. 6651(a) 1

Year

Deficiency

addition

1959

$113,657.80

1960

90,523.00

$9,052.30

1961

76,659.53

1962

396,900.67

A substantial portion of these…