BACARDI MANUFACTURING JEWELERS, CO. v. COMMISSIONER

Docket No. 4329-76.

37 T.C.M. 1503 (1978)

T.C. Memo. 1978-361

Bacardi Manufacturing Jewelers, Co. v. Commissioner.

United States Tax Court.

Filed September 13, 1978.


Attorney(s) appearing for the Case

Martin E. Litwin, 7 S. Dearborn Street, Chicago, Ill., for the petitioner. William L. Ringuette, for the respondent.


Memorandum Findings of Fact and Opinion

WILBUR, Judge:

Respondent determined a deficiency in the petitioner's Federal income tax for its taxable year ending August 31, 1972, in the amount of $3,031.89. Respondent also determined that an addition to tax under section 6653(a)1 in the amount of $151.59 was owing for the same taxable year. The issues remaining for our decision are:

1. Whether or not petitioner is entitled...

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