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TOWN AND COUNTRY FOOD CO., INC. v. COMMISSIONER

Docket Nos. 3177-63, 2619-66.

51 T.C. 1049 (1969)

TOWN AND COUNTRY FOOD CO., INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

March 31, 1969.

Attorney(s) appearing for the Case

Lester M. Ponder and Maxwell P. Smith, for the petitioner.

Eugene M. Corbin, for the respondent.

ATKINS, Judge:

The respondent determined deficiencies in income tax against the petitioner in the amounts of $66,367.97, $136,946.97, $159,223.72, $27,857.71, $71,963.41, and $110,129.81, for the taxable years ended April 30, 1956, through April 30, 1961, respectively; additions to tax under section 6653(b) of the Internal Revenue Code of 1954 of $33,183.98, $68,473.48, $79,611.86, and $13,928.86, for the taxable years ended April 30, 1956, through April 30...

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