COULTER ELECTRONICS, INC. v. COMMISSIONER

Docket Nos. 1145-84, 18120-84.

59 T.C.M. 350 (1990)

T.C. Memo. 1990-186

Coulter Electronics, Inc. and Consolidated Subsidiaries and Coulter Corporation and Consolidated Subsidiaries v. Commissioner. Coulter Corporation and Consolidated Subsidiaries and Coulter Electronics, Inc., As Transferee of the Assets of Coulter Reagents, Inc. v. Commissioner.

United States Tax Court.

Filed April 10, 1990.


Attorney(s) appearing for the Case

Gregg D. Lemein, Robert H. Aland, 130 East Randolph Drive, Chicago, Ill., and Michael T. McCormick, 55 West Monroe St., Chicago, Ill., for the petitioners. Thomas R. Ascher, for the respondent.


Memorandum Findings of Fact and Opinion

SHIELDS, Judge:

In two notices of deficiency both dated October 19, 1983, respondent determined deficiencies in the Federal income taxes of Coulter Electronics, Inc., and Subsidiaries as follows:

  Year Ended                    Deficiency

  3/31/72 ....................  $  506,299
  3/31/73 ....................   2,284,848
  3/31/74 ....................     979,371
  3/31/75 ..........

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