INTERVEST ENTERPRISES, INC. v. COMMISSIONER

Docket No. 3936-68.

30 T.C.M. 1056 (1971)

T.C. Memo. 1971-245

Intervest Enterprises, Inc., Rand American Fund, Inc., Intervest and Associates, Inc., and Little Theatre, Inc. v. Commissioner.

United States Tax Court.

Filed September 27, 1971.


Attorney(s) appearing for the Case

John Anthony Smith and Ralph E. Lerner, 666 Fifth Ave., New York, N. Y., for the petitioners. Marlene Gross, for the respondent.


Memorandum Findings of Fact and Opinion

TANNENWALD, Judge:

Respondent determined the following deficiencies in and additions to petitioners' consolidated income tax:

                                 Addition       Addition
                                  to tax         to tax
    Taxable year                   (Sec.          (Sec.
      ended        Deficiency   6651(a))1  6653(a))

  Jan. 31, 1963..  $   ...

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