O.S.C. CORPORATION v. COMMISSIONER

Docket No. 16840-79.

43 T.C.M. 1430 (1982)

T.C. Memo. 1982-280

O.S.C. Corporation v. Commissioner.

United States Tax Court.

Filed May 20, 1982.


Attorney(s) appearing for the Case

Willard D. Horwich, 10100 Santa Monica Boulevard, Los Angeles, Calif. 90067, for the petitioner. James M. Eastman, for the respondent.


Memorandum Findings of Fact and Opinion

NIMS, Judge:

Respondent determined deficiencies in petitioner's Federal income taxes as follows:

  Taxable Year Ended          Deficiency

     March 31, 1976 ......... $39,957
     March 31, 1977 .........  30,541

Concessions having been made, the issues for decision are (1) whether any part of an antitrust suit settlement received by petitioner during its taxable year ending March 31, 1976...

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