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ALTAMA DELTA CORP. v. COMMISSIONER

Docket No. 15083-92.

104 T.C. 424 (1995)

ALTAMA DELTA CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed April 11, 1995.

Attorney(s) appearing for the Case

Edwin W. King, Jr., for petitioner.

Gary F. Walker and Kim A. Palmerino, for respondent.

SCOTT, Judge:

Respondent determined deficiencies in petitioner's Federal income taxes for its fiscal years ending the last week of September 1981, 1985, 1986, and 1987 in the amounts as follows:

        Fiscal Year                            Deficiency

          1981 ........................        $14,688.60
          1985 ........................        691,456.14
          1986 ........................        332,395.00
 ...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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