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INTERMOUNTAIN LUMBER CO. v. COMMISSIONER

Docket Nos. 7084-72, 1406-74.

65 T.C. 1025 (1976)

INTERMOUNTAIN LUMBER COMPANY AND SUBSIDIARIES, TREE FARMERS, INC., S & W SAWMILL, INC., CLARKS FORK CO., AND MISSOULA PRES-TO-LOGS CO., PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT THE INTERMOUNTAIN COMPANY AND SUBSIDIARIES, TREE FARMERS, INC., AND S & W SAWMILL, INC., PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed February 23, 1976.

Attorney(s) appearing for the Case

John R. McInnis and Sherman V. Lohn, for the petitioners.

Craig D. Platz, for the respondent.

WILES, Judge:

Respondent determined deficiencies in petitioners' income taxes as follows:

      TYE June 30—                                  Amount

         1965 -----------------------------        $9,192.50
         1967 -----------------------------        97,022.41
         1968 -----------------------------       615,494.35
         1969 -----------------------------       125,706.11
                           ...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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