CF INDUSTRIES, INC. v. COMMISSIONER

Docket No. 9420-88.

62 T.C.M. 1249 (1991)

T.C. Memo. 1991-568

CF Industries, Inc. and Subsidiaries v. Commissioner.

United States Tax Court.

Filed November 25, 1991.


Attorney(s) appearing for the Case

Raymond P. Wexler, Todd F. Maynes, and William R. Welke, 200 E. Randolph Dr., Chicago, Ill., for the petitioner. James S. Stanis, Judith M. Picken, and William G. Merkle, for the respondent.


Memorandum Findings of Fact and Opinion

GOFFE, Judge:

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

Taxable
 Year                            Deficiency

1980 .........................   $4,732,815
1981 .........................   $4,520,696

Due to concessions by both parties, the only remaining issue in this case is whether interest income earned by petitioner should...

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