BENNETT PAPER CORP. & SUBSIDIARIES v. C.I.R.

No. 82-1502.

699 F.2d 450 (1983)

BENNETT PAPER CORPORATION AND SUBSIDIARIES, Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided February 16, 1983.


Attorney(s) appearing for the Case

Donald H. Whaley, Clayton, Mo., for appellant; Whaley & McAuliffe, Clayton, Mo., of counsel.

Glenn L. Archer, Jr., Asst. Atty. Gen., Michael L. Paup, Ann Belanger Durney, Jay W. Miller, Attys., Tax Div., Dept. of Justice, Washington, D.C., for appellee.

Before BRIGHT, Circuit Judge, FLOYD R. GIBSON, Senior Circuit Judge, and McMILLIAN, Circuit Judge.


FLOYD R. GIBSON, Senior Circuit Judge.

This is an appeal of a Tax Court decision relating to petitioner's 1974 tax return. The Commissioner disallowed deductions of petitioner for business expenses of a subsidiary and accrued profit-sharing plan earnings, and ordered a capitalization of certain expenses. We affirm the judgment, 78 T.C. 458, of the Tax Court.

Bennett Paper Corporation (Bennett) is the parent corporation of several...

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