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CINCINNATI TRANSIT, INC. v. COMMISSIONER

Docket No. 904-70.

55 T.C. 879 (1971)

CINCINNATI TRANSIT, INC., SUCCESSOR-IN-INTEREST TO THE CINCINNATI TRANSIT COMPANY (NOW KNOWN AS AMERICAN CONTROLLED INDUSTRIES, INC.) AND THE CINCINNATI TRANSIT COMPANY (NOW KNOWN AS AMERICAN CONTROLLED INDUSTRIES, INC.), PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed February 25, 1971.

Attorney(s) appearing for the Case

Robert S. Brown, for the petitioner.

Aleksandrs V. Laurins, for the respondent.

OPINION

DRENNEN, Judge:

Respondent issued a notice of deficiency dated November 17, 1969, to petitioner The Cincinnati Transit Company (hereinafter Transit Co.), determining deficiencies in income tax of Transit Co. for the years 1956 through 1964 as follows:

Year                            Deficiency

1956 ------------------------  $123,648.83
1957 ------------------------   107,068.46
1958 ------------------------ ...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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