Legal Opinion
Lucky Stores, Inc. and Subsidiaries v. Commissioner
United States Tax Court
Decided December 19, 1995No. 4446-93Unknown
1Opinion of the Court
105 T.C. No. 28
UNITED STATES TAX COURT LUCKY STORES, INC., AND SUBSIDIARIES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 4446-93. Filed December 19, 1995. P made donations of its surplus bread inventory to food banks which qualified as permissible charitable donees under sec. 170(e)(3)(A), I.R.C., and claimed charitable contribution deductions based upon full retail prices for the bread. R determined the fair market value to be approximately 50 percent of full retail prices. Held, fair market value of P's bread contributions redetermined. Eric W. Jorgensen, Grady M.…
2Cases cited5 opinions
- Estate of Lang v. CommissionerUnited States Tax Court · 1975
- The Estate of Grace E. Lang, Deceased. Richard E. Lang v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1980
- Zaentz v. CommissionerUnited States Tax Court · 1979
- Jacob J. Cooley v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1960
- Lucky Stores v. CommissionerUnited States Tax Court · 1995