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FOSTER v. COMMISSIONER

Docket Nos. 1004-64, 1005-64, 1025-64 — 1042-64, 1088-64.

25 T.C.M. 1390 (1966)

T.C. Memo. 1966-273

T. Jack Foster, et al. v. Commissioner.

United States Tax Court.

Filed December 27, 1966.

Attorney(s) appearing for the Case

Roy C. Lytle, 824 Commerce Exchange Bldg., Oklahoma City, Okla., for the petitioners. J. C. Linge, for the respondent.

Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined deficiencies in the income tax liability of Likins-Foster Honolulu Corporation and subsidiaries for the fiscal years ended June 30, 1957, June 30, 1958, and June 30, 1959, in the respective amounts of $109,603.60, $744,425.31, and $643,982.47, and by amendment to answer claimed an increased deficiency for the fiscal year ended June 30, 1957, making a total deficiency claimed for...

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