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CASALINA CORPORATION v. COMMISSIONER

Docket No. 6158-70.

60 T.C. 694 (1973)

CASALINA CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 13, 1973.

Attorney(s) appearing for the Case

Leon Bizar, for the petitioner.

Rufus H. Leonard, Jr., for the respondent.

FORRESTER, Judge:

Respondent determined deficiencies in petitioner's Federal income taxes as follows:

    Taxable year                                    Amount

    1966 --------------------------------------    $792.00
    1967 --------------------------------------  40,835.81
    1968 -------------------------------------- 124,470.50

The parties have now agreed as to some issues and those remaining for our consideration...

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