ATLAS TOOL CO. v. COMMISSIONER

Docket Nos. 7633-74-7635-74.

70 T.C. 86 (1978)

ATLAS TOOL CO., INC., ET AL., PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed April 27, 1978.


Attorney(s) appearing for the Case

John J. O'Toole and Edwin Fradkin, for the petitioners.

Marwin A. Batt, for the respondent.


SCOTT, Judge:

Respondent determined deficiencies in petitioners' Federal income taxes in the following amounts:

      Petitioner              Docket        TYE           Deficiency
                                No.
Atlas Tool Co., Inc --------  7633-74   June 30, 1969     $147,103.59
                                        June 30, 1970       98,933.78
Atlas Tool Co...

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