NELSON BROTHERS, INC. v. COMMISSIONER

Docket Nos. 34540-87, 20207-89.

64 T.C.M. 1594 (1992)

T.C. Memo. 1992-726.

Nelson Brothers, Inc. v. Commissioner.

United States Tax Court.

Filed December 28, 1992.


Attorney(s) appearing for the Case

Robert C. Walthall, 2001 Park Place, Birmingham, Ala., and Francis Gerald Burnett, 1900 5th Ave. N., Birmingham, Ala., for the petitioner. Robert W. West, for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined deficiencies in petitioner's Federal income tax for the fiscal years ended June 30 of 1982, 1983, 1984, and 1985 (hereinafter fiscal years 1982, 1983, 1984, and 1985) as follows:

                                                                  Additions to Tax
                                                        ---------------------------------
Fiscal...

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