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CONTINENTAL EQUITIES, INC. v. COMMISSIONER

Docket Nos. 7224-70, 6451-73.

33 T.C.M. 812 (1974)

T.C. Memo. 1974-189

Continental Equities, Inc. v. Commissioner.

United States Tax Court.

Filed July 25, 1974.

Attorney(s) appearing for the Case

Robert A. Shupack, 1300 N.W. 167th St., Miami, Fla., and Eugene M. Short, Jr., for the petitioner. Joel Gerber, for the respondent.

Memorandum Opinion

TANNENWALD, Judge:

Respondent determined the following deficiencies in petitioner's Federal income tax:

    Taxable year
  ended August 311        Deficiency

        1966 ................  $29,971.38
        1967 ................   15,599.23
        1968 ................   36,727.89
        1969 ................   45,248.04
        1970 ................   49,808.44

Petitioner...

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