PMT, INC. v. COMMISSIONER

Docket No. 4458-94.

72 T.C.M. 5 (1996)

T.C. Memo. 1996-303

PMT, Inc. v. Commissioner.

United States Tax Court.

Filed July 2, 1996.


Attorney(s) appearing for the Case

Mitchell R. Miller, Beverly Hills, Calif., for the petitioner1. Donna F. Herbert, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

SCOTT, Judge:

Respondent determined a deficiency in petitioner's Federal income tax in the amount of $426,707, and an accuracy-related penalty under section 6662(a)2 in the amount of $85,341 for petitioner's taxable year ended July 31, 1990. Some of the issues raised by the pleadings have been disposed of by agreement of the parties, leaving for...

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