STOKES v. COMMISSIONER

Docket Nos. 10728-78, 10729-78, 10730-78, 10731-78, 10732-78, 10733-78, 10734-78.

45 T.C.M. 1415 (1983)

T.C. Memo. 1983-229

Jackie R. Stokes, et al., Petitioners v. Commissioner.

United States Tax Court.

Filed April 26, 1983.


Attorney(s) appearing for the Case

Robert J. Mauceri and Jonathan Katz, 350 Orange St., New Haven, Conn., for the petitioners. Robert Percy, for the respondent.


Memorandum Findings of Fact and Opinion

COHEN, Judge:

Respondent asserted transferee liability in these consolidated cases against petitioners, as transferees of The Techni-Chem Company (Techni-Chem), for an income tax deficiency of $176,472.52 determined to be due from Techni-Chem for the taxable year ended September 30, 1976. After concessions by the parties the sole question remaining for the Court's determination is whether Techni-Chem's shipment of...

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