Rochester Development Corp. v. Commissioner

ROCHESTER DEVELOPMENT CORPORATION, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Rochester Development Corp. v. Commissioner

Docket No. 9070-74.

United States Tax Court

T.C. Memo 1977-307; 1977 Tax Ct. Memo LEXIS 135; 36 T.C.M. (CCH) 1213; T.C.M. (RIA) 770307;

September 12, 1977, Filed

J. Ernest Brophy and Joseph A. Platania, for the petitioner.

Bernard R. Baker, III, and William J. Neild, for respondent.

TANNENWALD

MEMORANDUM FINDINGS OF FACT AND OPINION

TANNENWALD, Judge: Respondent determined deficiencies in petitioner's Federal income tax as follows:

Year

Deficiency

1967

$1,903.32

1968

125,10…