CROPLAND CHEMICAL CORP. v. COMMISSIONER

Docket No. 11260-78.

75 T.C. 288 (1980)

CROPLAND CHEMICAL CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed November 25, 1980.


Attorney(s) appearing for the Case

David J. Duez, for the petitioner.

Mitchell S. Fuerst, for the respondent.


NIMS, Judge:

Respondent determined deficiencies in petitioner's income tax for its fiscal years ended February 28, 1974, and February 28, 1975, in the amounts of $34,501 and $130,181, respectively. The issues for decision are whether petitioner may deduct as compensation amounts paid to Robert A. Trowbridge and Delores S. Trowbridge and amounts contributed on behalf of said individuals to a pension plan and profit-sharing plan maintained by petitioner. The...

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