COLUMBIA PICTURES INDUSTRIES, INC. v. COMMISSIONER

Docket Nos. 2894-69, 2895-69.

55 T.C. 649 (1971)

COLUMBIA PICTURES INDUSTRIES, INC., SUCCESSOR BY MERGER TO SCREEN GEMS, INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed January 11, 1971.


Attorney(s) appearing for the Case

Arthur Kalish and Peter J. Rothenberg, for the petitioner.

Aleksandrs V. Laurins and Robert L. Litt, for the respondent.


DRENNEN, Judge:

By notices of transferee liability dated March 26, 1969, respondent asserted that Screen Gems, Inc. (hereinafter Screen Gems), is liable, as transferee of the assets of Slate Pictures, Inc. (hereinafter Slate), transferee of the assets of U.S. Television Film Co., Inc. (hereinafter USTV), transferee of the assets of Major Attractions, Inc. (hereinafter Major), and Arista Film Corp. (hereinafter Arista), for the following deficiencies in income...

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