LEADER FEDERAL SAVINGS AND LOAN ASSOCIATION v. COMMISSIONER

Docket Nos. 44110-86, 44490-86.

62 T.C.M. 201 (1991)

T.C. Memo. 1991-334

Leader Federal Savings and Loan Association of Memphis and Subsidiaries v. Commissioner.

United States Tax Court.

Filed July 22, 1991.


Attorney(s) appearing for the Case

Richard L. Bacon, 1825 Eye St., N.W., Washington, D.C., for the petitioner. Nancy B. Romano, for the respondent.


Memorandum Opinion

WELLS, Judge:

The instant consolidated cases (hereinafter, the instant case) are before us on the parties' cross-motions for summary judgment pursuant to Rule 121.1 Respondent determined the following deficiencies in petitioner's Federal income tax:

Year                          Deficiency

1967 ......................   $   5,785
1970 ......................      271,732
1977 ....

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