BUTTER-NUT FOODS CO. v. COMMISSIONER

Docket No. 3199-62.

24 T.C.M. 1588 (1965)

T.C. Memo. 1965-285

Butter-Nut Foods Co. (Successor to Penndale, Inc.) v. Commissioner.

United States Tax Court.

Filed October 27, 1965.


Attorney(s) appearing for the Case

Donald H. Erickson and Deryl F. Hamann, for the petitioner. James T. Finlen, Jr., for the respondent.


Memorandum Findings of Fact and Opinion

DAWSON, Judge:

Respondent determined deficiencies in the income taxes of Penndale, Inc., for the fiscal years ended February 28, 1959, and February 29, 1960, in the respective amounts of $31,793.08 and $19,452.55. Petitioner admits being the successor to Penndale, Inc., by merger and change of name and agrees that it is liable as transferee for any deficiency determined herein. The sole issue for decision is whether...

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