TRANSPORT MANUFACTURING & EQUIPMENT COMPANY v. COMMISSIONER

Docket No. 74952.

31 T.C.M. 262 (1972)

T.C. Memo. 1972-63

Transport Manufacturing & Equipment Company (a Delaware Corporation), Transferee v. Commissioner.

United States Tax Court.

Filed March 8, 1972.


Attorney(s) appearing for the Case

Guy A. Magruder, Jr., for the petitioner. Daniel J. Boyer, for the respondent.


Supplemental Memorandum Opinion

FORRESTER, Judge:

On April 17, 1958, respondent mailed to Transport Manufacturing & Equipment Company (an Illinois Corporation and hereinafter referred to as Illinois) a statutory notice of deficiency stating that deficiencies and penalty aggregating $2,364,493.95 had been determined to be due from it for the taxable years 1949 through 1953. Illinois filed a timely petition for redetermination of that liability, and the...

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