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RANSBURG CORP. v. COMMISSIONER

Docket No. 4569-77.

72 T.C. 271 (1979)

RANSBURG CORPORATION AND SUBSIDIARIES, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed May 9, 1979.

Attorney(s) appearing for the Case

Robert J. Cunningham and James T. Hitch III, for the petitioners.

Richard E. Trogolo, for the respondent.

OPINION

DAWSON, Judge:

Respondent determined deficiencies in petitioners' Federal income taxes as follows:

TYE Nov. 30—               Deficiency

1966 ...................    $7,363.70
1967 ...................    40,699.32
1968 ...................    53,879.13
1969 ...................   $84,178.00
1970 ...................    66,604.00
1972 ...................    92,453.00

The parties have settled...

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