BIZZACK BROTHERS CONSTRUCTION CORP. v. COMMISSIONER

Docket No. 9169-75.

41 T.C.M. 173 (1980)

T.C. Memo. 1980-457

Bizzack Brothers Construction Corp. v. Commissioner.

United States Tax Court.

Filed October 9, 1980.


Attorney(s) appearing for the Case

Charles R. Hembree and Philip E. Wilson, for the petitioner. Warren R. Calvert, for the respondent.


Memorandum Opinion

DAWSON, Judge:

Respondent determined deficiencies in petitioner's Federal income taxes for the taxable years ended March 31, 1972 and March 31, 1973 in the amounts of $136,402.32 and $202,801.60, respectively. Subsequently, by an amendment to his answer filed in this case, respondent alleged that the deficiency for the year ended March 31, 1973 should be increased to $217,891.37. Due to concessions by petitioner, the only issue presented...

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