LUKENS, INC. v. COMMISSIONER

Docket Nos. 9660-82, 26903-82.

54 T.C.M. 517 (1987)

T.C. Memo. 1987-464

Lukens, Inc., formerly Lukens Steel Company v. Commissioner.

United States Tax Court.

Filed September 15, 1987.


Attorney(s) appearing for the Case

Kimber E. Vought, J. Allen Dougherty and Richard D. Birns, 1600 Market St., Philadelphia, Pa., for the petitioner. Joellyn Cattell, for the respondent.


Memorandum Findings of Fact and Opinion

SHIELDS, Judge:

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

Taxable
 Year1                     Deficiency

 1976 .....................   $  316,091.00
 1977 .....................    1,425,957.00
 1978 .....................      720,754.00
 1979 ...................

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