Century Motor Coach v. Commissioner

CENTURY MOTOR COACH, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Century Motor Coach v. Commissioner

Docket No. 27534-92

United States Tax Court

T.C. Memo 1995-276; 1995 Tax Ct. Memo LEXIS 275; 69 T.C.M. (CCH) 2959;

June 21, 1995, Filed

Decision will be entered for respondent.

For petitioner: E. Spencer Walton, Jr.

For respondent: Ronald Jordan.

RAUM

RAUM

MEMORANDUM OPINION

RAUM, Judge: The Commissioner determined a deficiency in Federal income taxes in the amount of $ 86,542 for petitioner's tax year ending August 31, 1983. The only matter now in controversy is a claimed $ 184,439…