DON E. WILLIAMS COMPANY v. C. I. R.

No. 74-1812.

527 F.2d 649 (1975)

DON E. WILLIAMS COMPANY, Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided December 16, 1975.


Attorney(s) appearing for the Case

Marvin L. Schrager, E. Moline, Ill., for petitioner-appellant.

Scott P. Crampton, Asst. Atty. Gen., Richard M. Roberts, Atty., Tax Div., Dept. of Justice, Washington, D. C., for respondent-appellee.

Before FAIRCHILD, Chief Judge, and CUMMINGS and SPRECHER, Circuit Judges.


FAIRCHILD, Chief Judge.

Don E. Williams Company appeals from a decision of the Tax Court. The parties stipulated to the facts, set forth in the Tax Court opinion, 62 T.C. 166 (1974). The Tax Court sustained the Commissioner's disallowance of income tax deductions claimed pursuant to § 404(a) of the Internal Revenue Code of 1954, 26 U.S.C. § 404(a), for contributions to a qualified employee profit-sharing plan.

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