HILL, FARRER & BURRILL v. COMMISSIONER

Docket No. 3942-76R.

67 T.C. 411 (1976)

HILL, FARRER & BURRILL, A GENERAL PARTNERSHIP, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed December 14, 1976.


Attorney(s) appearing for the Case

Carl A. Stutsman, Jr., for the petitioner.

Harry Morton Asch, for the respondent.


OPINION

FEATHERSTON, Judge:

Petitioner has instituted this action pursuant to section 74761 for a declaratory judgment that its employees' profit-sharing plan adopted on June 27, 1975, and amended effective November 7, 1975, is a qualified one under section 401(a). The parties agree that all jurisdictional requirements have been met and, pursuant to Rule 217 of the Rules of Practice...

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