Cochran Hatchery, Inc. v. Commissioner

COCHRAN HATCHERY, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Cochran Hatchery, Inc. v. Commissioner

Docket No. 9845-75.

United States Tax Court

T.C. Memo 1979-390; 1979 Tax Ct. Memo LEXIS 127; 39 T.C.M. (CCH) 210; T.C.M. (RIA) 79390;

September 24, 1979, Filed

Edwin T. Robinson, for the petitioner.

Vernon J. Owens, for the respondent.

TIETJENS

MEMORANDUM OPINION

TIETJENS, Judge: Respondent determined the following deficiencies in petitioner's Federal income taxes for the years 1970 through 1972:

Year

Deficiency

1970

$53,780

1971

45,275

1972

15,728

The sole issue for our determination is…