FRUIT OF THE LOOM, INC. v. COMMISSIONER

Docket No. 26234-92.

68 T.C.M. 867 (1994)

T.C. Memo. 1994-492

Fruit of the Loom, Inc., Transferee of the Assets of, and Primarily Liable as Successor by Merger to, Northwest Industries, Inc., Transferee of the Assets of, and Primarily Liable as Successor by Merger to, Philadelphia & Reading Corporation v. Commissioner.

United States Tax Court.

Filed October 6, 1994.


Attorney(s) appearing for the Case

Thomas Kittle-Kamp, Thomas C. Durham, 190 S. LaSalle St., Chicago, Ill., and Frederic L. Hahn, 3 First National Plaza, Chicago, Ill., for the petitioner.1 James S. Stanis, for the respondent.


Memorandum Opinion

LARO, Judge:

The parties submitted this case to the Court fully stipulated under Rule 122(a).2 Fruit of the Loom, Inc., petitioned the Court on November 24, 1992, to redetermine respondent's alternative determinations of a $7,135,865 deficiency in the 1966 Federal income tax of a predecessor corporation or a $7,296,000 deficiency in the 1967 Federal income tax of that predecessor corporation. Respondent determined...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases