POWER-LINE SALES, INC. v. COMMISSIONER

Docket No. 4274-75.

36 T.C.M. 190 (1977)

T.C. Memo. 1977-43

Power-Line Sales, Inc. v. Commissioner.

United States Tax Court.

Filed February 23, 1977.


Attorney(s) appearing for the Case

William A. Cruikshank, Jr., Suite 1040 Wilshire-San Vincente Plaza, Beverly Hills, Calif., for the petitioner. Hector C. Perez, for the respondent.


Memorandum Findings of Fact and Opinion

STERRETT, Judge:

Respondent determined a deficiency in the corporate Federal income tax of petitioner, Power-Line Sales, Inc., for its taxable year ended May 31, 1971 in the amount of $108,607. Concessions having been made by the parties, the issues remaining for decision are as follows:

(1) Whether the principal purpose motivating petitioner's acquisition of Sudmeier Enterprises, Incorporated, a loss corporation...

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