CENTRAL PENNSYLVANIA SAVINGS ASSOCIATION v. COMMISSIONER

Docket No. 19498-89.

71 T.C.M. 2724 (1996)

T.C. Memo. 1996-172

Central Pennsylvania Savings Association and Subsidiaries n.k.a. Great Valley Savings Bank v. Commissioner.

United States Tax Court.

Filed April 10, 1996.


Attorney(s) appearing for the Case

Zachary P. Alexander, Philadelphia, Pa., and James F. Podheiser, for the petitioner. Thomas M. Rath, for the respondent.


SUPPLEMENTAL MEMORANDUM OPINION

TANNENWALD, Judge:

This case is again before us because of differing computations for entry of decision under Rule 155 submitted to implement our earlier opinion (104 T.C. 384 (1995)). In that opinion, we held that petitioner was required to take net operating losses into account in computing additions to its bad debt reserve under the percentage of taxable income method set forth in section...

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