AFFILIATED FOODS, INC. v. COMMISSIONER

Docket No. 12846-04.

128 T.C. 62 (2007)

128 T.C. No. 7

AFFILIATED FOODS, INC., A CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed March 29, 2007.


Attorney(s) appearing for the Case

William A. Hoy, for petitioner.

George E. Gaspar and Mark E. O'Leary, for respondent.


HALPERN, Judge:

By notice of deficiency dated April 22, 2004, respondent determined deficiencies in petitioner's Federal income tax of $143,978, $166,493, and $11,101 for petitioner's taxable (fiscal) years ended September 30, 1991, October 2, 1992, and October 1, 1993, respectively (the audit years). Petitioner is a corporation operating on a cooperative basis (a purchasing cooperative), whose shareholder-patrons operate retail grocery stores. The issues for...

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