ARROW FASTENER CO. v. COMMISSIONER

Docket Nos. 5468-77-5470-77.

76 T.C. 423 (1981)

ARROW FASTENER CO., INC., ET AL., PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed March 12, 1981.


Attorney(s) appearing for the Case

Elliot I. Miller, for the petitioners.

Patrick E. Whelan, for the respondent.


OPINION

WILBUR, Judge:

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

                                                       Taxable
Docket No.                  Petitioner(s)               period      Deficiency

5468-77       Arrow Fastener Co., Inc -------------     11973      $157,724.50
5469-77       Arrow Fastener International...

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